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

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

Several other brokerages have also commented on KEY. Royal Bank of Canada upped their target price on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Raymond James set a C$47.00 price target on shares of Keyera and gave the stock an “outperform” rating in a report on Friday, October 11th. Jefferies Financial Group increased their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. National Bankshares increased their price target on Keyera from C$38.00 to C$39.00 in a report on Friday. Finally, Citigroup upped 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$42.25.

Keyera Trading Up 1.4 %

KEY opened at C$45.11 on Friday. 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. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. Keyera has a twelve month low of C$31.16 and a twelve month high of C$45.51. The company has a fifty day moving average of C$42.78 and a 200-day moving average of C$39.39.

Keyera Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.52 per share. This is a positive change from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Friday, September 13th. 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.