National Bankshares Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its target price boosted by National Bankshares from C$38.00 to C$39.00 in a report released on Friday morning,BayStreet.CA reports.

Several other equities analysts have also issued reports on KEY. Raymond James set a C$47.00 price target on Keyera and gave the stock an “outperform” rating in a research report on Friday, October 11th. Royal Bank of Canada lifted their target price on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group upped 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. Citigroup raised their price target 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. Finally, BMO Capital Markets upped their price objective on shares of Keyera from C$40.00 to C$41.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Keyera presently has an average rating of “Moderate Buy” and a consensus price target of C$42.58.

Keyera Stock Performance

Shares of TSE KEY opened at C$45.09 on Friday. The stock’s 50-day moving average is C$42.89 and its 200 day moving average is C$39.45. The stock has a market cap of C$10.33 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a 1-year low of C$31.16 and a 1-year high of C$45.67. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.61%. This is an increase from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. Keyera’s dividend payout ratio is presently 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.