Keyera (TSE:KEY) Price Target Raised to C$44.00 at ATB Capital

Keyera (TSE:KEY) had its target price lifted by ATB Capital from C$43.00 to C$44.00 in a report issued on Friday morning,BayStreet.CA reports.

KEY has been the subject of a number of other reports. National Bankshares raised their price target on Keyera from C$38.00 to C$39.00 in a report on Friday. Royal Bank of Canada increased their price target on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Citigroup upped their target price on shares of Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Jefferies Financial Group raised their price target on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, BMO Capital Markets lifted their price objective on Keyera from C$41.00 to C$44.00 in a research note on Friday. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$42.25.

Keyera Price Performance

Shares of TSE:KEY opened at C$45.11 on Friday. The firm has a market capitalization of C$10.34 billion, a PE ratio of 30.28, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The company has a 50-day moving average price of C$42.78 and a two-hundred day moving average price of C$39.39. Keyera has a twelve month low of C$31.16 and a twelve month high of C$45.51.

Keyera Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.52 dividend. This is a boost from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Friday, September 13th. Keyera’s payout ratio is 139.60%.

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.