Keyera (TSE:KEY) Sets New 52-Week High – What’s Next?

Keyera Corp. (TSE:KEY) hit a new 52-week high on Wednesday . The stock traded as high as C$59.14 and last traded at C$59.09, with a volume of 1768606 shares changing hands. The stock had previously closed at C$57.38.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KEY shares. National Bank Financial increased their price objective on shares of Keyera from C$50.00 to C$56.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. BMO Capital Markets increased their price objective on shares of Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD set a C$68.00 price objective on shares of Keyera and gave the company a “buy” rating in a report on Tuesday. TD Securities increased their price objective on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, ATB Cormark Capital Markets increased their target price on shares of Keyera from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Keyera has an average rating of “Moderate Buy” and a consensus target price of C$58.29.

Keyera Trading Up 2.8%

The company’s fifty day simple moving average is C$53.69 and its two-hundred day simple moving average is C$49.62. 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 capitalization of C$13.52 billion, a price-to-earnings ratio of 74.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.47.

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

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.16 annualized dividend and a dividend yield of 3.7%. Keyera’s dividend payout ratio is currently 270.89%.

Keyera Company Profile

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.