Keyera (TSE:KEY) Shares Down 5.5% – What’s Next?

Shares of Keyera Corp. (TSE:KEY) fell 5.5% during trading on Tuesday . The stock traded as low as C$48.93 and last traded at C$50.06. 342,373 shares were traded during mid-day trading, a decline of 74% from the average session volume of 1,332,090 shares. The stock had previously closed at C$52.97.

Analysts Set New Price Targets

KEY has been the topic of a number of recent research reports. BMO Capital Markets reduced their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Barclays boosted their target price on shares of Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Raymond James Financial lifted their price target on shares of Keyera from C$63.00 to C$66.00 in a report on Monday, March 30th. Citigroup boosted their price objective on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, TD Securities raised their target price on shares of Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$53.55.

Keyera Stock Performance

The company’s fifty day moving average price is C$52.25 and its two-hundred day moving average price is C$47.14. The firm has a market capitalization of C$11.49 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52. The company has a debt-to-equity ratio of 227.74, a quick ratio of 0.57 and a current ratio of 1.76.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%.The business had revenue of C$1.70 billion during the quarter. As a group, equities analysts expect that Keyera Corp. will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a $0.54 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.16 annualized dividend and a yield of 4.3%. Keyera’s dividend payout ratio (DPR) is presently 112.17%.

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.