Keyera (TSE:KEY) Reaches New 52-Week High – Time to Buy?

Keyera Corp. (TSE:KEY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$61.39 and last traded at C$60.70, with a volume of 945659 shares. The stock had previously closed at C$59.31.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays raised their price objective on Keyera from C$53.00 to C$56.00 in a report on Wednesday, July 15th. Raymond James Financial dropped their target price on Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Scotia increased their price target on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. TD set a C$68.00 price target on Keyera and gave the company a “buy” rating in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada boosted their price target on Keyera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Keyera presently has an average rating of “Moderate Buy” and an average price target of C$60.93.

Keyera Stock Up 0.1%

The company has a market capitalization of C$17.74 billion, a price-to-earnings ratio of 76.51, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49. The firm’s 50 day moving average price is C$58.02 and its two-hundred day moving average price is C$53.33. The company has a current ratio of 1.60, a quick ratio of 0.57 and a debt-to-equity ratio of 249.10.

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

Keyera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.54 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.16 annualized dividend and a yield of 3.6%. 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.