Keyera (TSE:KEY) Sets New 1-Year High – Should You Buy?

Keyera Corp. (TSE:KEY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$59.02 and last traded at C$58.71, with a volume of 2318939 shares traded. The stock had previously closed at C$57.44.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KEY. Citigroup boosted their price objective on Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. TD Securities boosted their price objective on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Scotia boosted their price objective on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a report on Friday, May 15th. BMO Capital Markets boosted their price objective on Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, TD boosted their price objective on Keyera from C$60.00 to C$61.00 and gave the stock a “buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Keyera has a consensus rating of “Moderate Buy” and an average target price of C$57.36.

Keyera Trading Down 0.9%

The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. The company has a market cap of C$13.26 billion, a P/E ratio of 73.23, a PEG ratio of 1.35 and a beta of 0.56. The business has a fifty day moving average price of C$52.78 and a 200-day moving average price of C$48.21.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. The company had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. On average, analysts forecast that Keyera Corp. will post 2.2166667 earnings per share for the current year.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, March 16th. Keyera’s payout ratio is 270.89%.

About Keyera

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.