ATB Capital Boosts Keyera (TSE:KEY) Price Target to C$39.00

Keyera (TSE:KEY) had its price objective upped by ATB Capital from C$36.00 to C$39.00 in a research report report published on Wednesday, BayStreet.CA reports.

KEY has been the subject of several other research reports. Jefferies Financial Group raised their price target on Keyera from C$38.00 to C$39.00 and gave the company a buy rating in a report on Wednesday, May 15th. National Bankshares raised their price target on Keyera from C$34.00 to C$35.00 in a report on Wednesday, May 15th. Stifel Nicolaus lifted their target price on Keyera from C$39.00 to C$40.00 and gave the stock a buy rating in a report on Wednesday, May 15th. Scotiabank lifted their target price on Keyera from C$40.00 to C$42.00 and gave the stock an outperform rating in a report on Monday, July 15th. Finally, CIBC lifted their target price on Keyera from C$37.00 to C$39.00 in a report on Monday, July 15th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$38.82.

Keyera Price Performance

TSE:KEY opened at C$38.63 on Wednesday. The firm has a fifty day simple moving average of C$37.17 and a 200 day simple moving average of C$35.08. Keyera has a 1-year low of C$30.08 and a 1-year high of C$39.27. The stock has a market capitalization of C$8.85 billion, a PE ratio of 24.76, a P/E/G ratio of 1.35 and a beta of 2.11. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 148.21.

Keyera (TSE:KEY) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.52 by C($0.21). Keyera had a net margin of 5.26% and a return on equity of 12.77%. The business had revenue of C$1.52 billion for the quarter, compared to analyst estimates of C$1.92 billion. On average, research analysts expect that Keyera will post 2.1818182 EPS for the current fiscal year.

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Friday, June 14th. Keyera’s dividend payout ratio (DPR) is presently 128.21%.

About Keyera

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.