Keyera (TSE:KEY) Price Target Raised to C$39.00

Keyera (TSE:KEY) had its target price hoisted by National Bankshares from C$38.00 to C$39.00 in a research report sent to investors on Friday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on KEY. Royal Bank of Canada raised their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. ATB Capital lifted their price target on shares of Keyera from C$36.00 to C$39.00 in a research note on Wednesday, July 24th. BMO Capital Markets upped their price objective on shares of Keyera from C$40.00 to C$41.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Citigroup lifted their target price on Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Raymond James set a C$47.00 target price on Keyera and gave the company an “outperform” rating in a research report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$42.25.

Keyera Stock Up 1.4 %

Shares of KEY traded up C$0.64 during mid-day trading on Friday, reaching C$45.11. The company’s stock had a trading volume of 925,900 shares, compared to its average volume of 992,260. The company’s 50 day moving average is C$42.78 and its 200 day moving average is C$39.39. The stock has a market cap of C$10.34 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 12-month low of C$31.16 and a 12-month high of C$45.51. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57.

Keyera Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.61%. This is a positive change from Keyera’s previous quarterly dividend of $0.50. Keyera’s payout ratio is presently 139.60%.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.