Keyera (TSE:KEY) Price Target Raised to C$44.00

Keyera (TSE:KEY) had its target price raised by ATB Capital from C$43.00 to C$44.00 in a research note released on Friday morning,BayStreet.CA reports.

KEY has been the topic of a number of other reports. Royal Bank of Canada lifted their price objective on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. National Bankshares boosted their price target on Keyera from C$38.00 to C$39.00 in a research note on Friday. Jefferies Financial Group increased their price objective on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. BMO Capital Markets boosted their target price on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday. Finally, Raymond James set a C$47.00 target price on shares of Keyera and gave the stock an “outperform” rating in a report on Friday, October 11th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$42.25.

Keyera Price Performance

Shares of TSE:KEY traded up C$0.64 during midday trading on Friday, reaching C$45.11. 925,900 shares of the company’s stock were exchanged, compared to its average volume of 992,260. The firm has a market capitalization 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. The company’s 50 day simple moving average is C$42.78 and its two-hundred day simple moving average is C$39.39. 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 quick ratio of 0.57 and a current ratio of 1.30.

Keyera Increases Dividend

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