Keyera (TSE:KEY – Free Report) had its target price upped by Scotiabank from C$40.00 to C$42.00 in a research note published on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other research analysts have also recently issued reports on the company. Citigroup increased their price objective on Keyera from C$37.00 to C$40.00 and gave the stock a buy rating in a research report on Thursday, May 16th. ATB Capital upped their target price on Keyera from C$34.00 to C$36.00 and gave the company an outperform rating in a report on Wednesday, May 15th. Royal Bank of Canada set a C$41.00 price target on Keyera and gave the company an outperform rating in a research report on Tuesday, June 25th. National Bankshares increased their price target on shares of Keyera from C$34.00 to C$35.00 in a research report on Wednesday, May 15th. Finally, BMO Capital Markets raised their price target on shares of Keyera from C$36.00 to C$38.00 and gave the stock an outperform rating in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$38.55.
View Our Latest Report on Keyera
Keyera Price Performance
Keyera (TSE:KEY – Get Free Report) last released its earnings results on Tuesday, May 14th. The company reported C$0.31 EPS for the quarter, missing the consensus estimate of C$0.52 by C($0.21). The firm had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.92 billion. Keyera had a return on equity of 12.77% and a net margin of 5.26%. Equities analysts predict that Keyera will post 2.1818182 earnings per share for the current year.
Keyera Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend was Friday, June 14th. Keyera’s dividend payout ratio is currently 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.
Read More
- Five stocks we like better than Keyera
- How to Invest in Biotech Stocks
- This Cybersecurity Stock Gains Analysts’ Favor for Strong Growth
- Stock Splits, Do They Really Impact Investors?
- Parabolic Rise of This Stock Shows No Signs of Slowing
- How to Find Undervalued Stocks
- Risk Tolerance vs. Risk Appetite: Key Differences
Receive News & Ratings for Keyera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keyera and related companies with MarketBeat.com's FREE daily email newsletter.