Brokerages Set Keyera Corp. (TSE:KEY) Target Price at C$58.29

Shares of Keyera Corp. (TSE:KEY) have received an average rating of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$58.29.

KEY has been the subject of several research reports. Scotia boosted their price target on shares of Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. BMO Capital Markets boosted their price target on shares of Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. National Bank Financial boosted their price target on shares of Keyera from C$50.00 to C$56.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. ATB Cormark Capital Markets boosted their price target on shares of Keyera from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 21st. Finally, Raymond James Financial boosted their price target on shares of Keyera from C$65.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th.

Keyera Stock Down 0.2%

Shares of TSE KEY opened at C$59.01 on Friday. The business’s 50 day moving average is C$54.03 and its two-hundred day moving average is C$49.90. The firm has a market cap of C$13.53 billion, a price-to-earnings ratio of 74.70, a PEG ratio of 1.35 and a beta of 0.47. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. Keyera has a 52-week low of C$40.09 and a 52-week high of C$59.99.

Keyera (TSE:KEY) last posted its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. The business 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 predict that Keyera will post 2.2166667 EPS for the current year.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be paid a $0.54 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.16 annualized dividend and a dividend yield of 3.7%. 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.