Citigroup Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price objective upped by Citigroup from C$51.00 to C$58.00 in a research note issued to investors on Monday,BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

Several other research firms have also recently weighed in on KEY. TD Securities increased their target price on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Barclays raised their price objective on Keyera from C$43.00 to C$48.00 in a research report on Friday, February 13th. National Bank Financial decreased their price objective on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Finally, BMO Capital Markets cut their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$52.45.

Keyera Price Performance

Shares of TSE:KEY opened at C$51.83 on Monday. The company has a market cap of C$11.88 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.35 and a beta of 0.58. The business has a 50 day moving average price of C$45.66 and a 200 day moving average price of C$44.68. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. Keyera has a twelve month low of C$37.80 and a twelve month high of C$52.66.

Keyera (TSE:KEY) last released its earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The firm had revenue of C$1.70 billion during the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. Research analysts predict that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, December 15th. Keyera’s dividend payout ratio (DPR) is 112.17%.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.