Keyera (TSE:KEY) Price Target Increased to C$40.00 by Analysts at BMO Capital Markets

Keyera (TSE:KEY) had its price objective boosted by BMO Capital Markets from C$38.00 to C$40.00 in a report released on Friday morning, BayStreet.CA reports.

A number of other research firms have also recently issued reports on KEY. Jefferies Financial Group boosted their price objective on Keyera from C$39.00 to C$43.00 and gave the company a buy rating in a report on Monday, July 29th. Atb Cap Markets raised shares of Keyera from a hold rating to a strong-buy rating in a research note on Wednesday, May 15th. Stifel Nicolaus raised their price target on shares of Keyera from C$39.00 to C$40.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Wells Fargo & Company boosted their price objective on shares of Keyera from C$34.00 to C$35.00 in a research report on Friday, May 31st. Finally, TD Securities upped their target price on shares of Keyera from C$38.00 to C$39.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of C$39.64.

Keyera Trading Up 0.6 %

Shares of Keyera stock traded up C$0.25 during trading on Friday, hitting C$39.12. The stock had a trading volume of 394,796 shares, compared to its average volume of 975,429. The stock has a market cap of C$8.96 billion, a PE ratio of 25.08, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a 12 month low of C$30.08 and a 12 month high of C$39.39. The firm’s fifty day simple moving average is C$37.67 and its 200-day simple moving average is C$35.52. The company has a debt-to-equity ratio of 148.21, a current ratio of 1.08 and a quick ratio of 0.57.

Keyera (TSE:KEY) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.31 earnings per share (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 the consensus estimate of C$1.92 billion. Keyera had a return on equity of 12.77% and a net margin of 5.26%. As a group, sell-side analysts expect that Keyera will post 2.2625146 EPS for the current fiscal year.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.52 dividend. The ex-dividend date of this dividend is 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 yield of 5.32%. Keyera’s payout ratio is currently 128.21%.

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.