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

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

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets upped their target price on Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Jefferies Financial Group raised 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. Citigroup increased their target price on shares of Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Royal Bank of Canada raised their price target on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Raymond James set a C$47.00 price objective on shares of Keyera and gave the company an “outperform” rating in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$42.25.

Keyera Trading Up 1.4 %

Shares of TSE:KEY opened at C$45.11 on Friday. The company has a market capitalization of C$10.34 billion, a P/E ratio of 30.28, a P/E/G 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’s 50 day simple moving average is C$42.78 and its 200 day simple moving average is C$39.39. Keyera has a 1 year low of C$31.16 and a 1 year high of C$45.51.

Keyera Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.61%. Keyera’s dividend payout ratio (DPR) is 139.60%.

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.