Keyera (TSE:KEY) Raised to Moderate Buy at Raymond James

Raymond James upgraded shares of Keyera (TSE:KEY) to a moderate buy rating in a research report sent to investors on Thursday, Zacks.com reports.

Other analysts also recently issued reports about the company. BMO Capital Markets boosted their target price on Keyera from C$40.00 to C$41.00 and gave the company a hold rating in a report on Thursday, September 5th. Citigroup upped their price objective on Keyera from C$40.00 to C$46.00 and gave the company a buy rating in a research note on Monday, September 23rd. Jefferies Financial Group upped their price objective on Keyera from C$43.00 to C$47.00 and gave the company a buy rating in a research note on Monday, September 30th. CIBC upped their price objective on Keyera from C$37.00 to C$39.00 in a research note on Monday, July 15th. Finally, Scotiabank upped their price objective on Keyera from C$40.00 to C$42.00 and gave the company an outperform rating in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of C$41.50.

Keyera Stock Down 0.7 %

Shares of TSE KEY opened at C$43.94 on Thursday. The company has a market capitalization of C$10.07 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The business has a 50-day moving average of C$40.83 and a two-hundred day moving average of C$37.93. Keyera has a 1 year low of C$31.16 and a 1 year high of C$44.56.

Keyera (TSE:KEY) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.54 by C$0.08. The company had revenue of C$1.72 billion during the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. On average, analysts forecast that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a dividend of $0.52 per share. This is a boost from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 13th. This represents a $2.08 annualized dividend and a yield of 4.73%. Keyera’s payout ratio is presently 139.60%.

Insiders Place Their Bets

In related news, Senior Officer Eileen Marikar sold 1,888 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total value of C$74,953.79. 0.39% of the stock is currently owned by insiders.

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.