Analysts Set Keyera Corp. (TSE:KEY) Target Price at C$62.69

Shares of Keyera Corp. (TSE:KEY) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$62.69.

A number of analysts have recently commented on KEY shares. ATB Cormark Capital Markets boosted their price objective on Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 16th. TD set a C$68.00 target price on Keyera and gave the stock a “buy” rating in a report on Tuesday, June 9th. National Bank Financial boosted their price target on shares of Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group set a C$65.00 price target on shares of Keyera and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th.

Keyera Price Performance

Shares of TSE KEY opened at C$58.71 on Friday. The stock has a market cap of C$17.23 billion, a P/E ratio of 38.37, a P/E/G ratio of 1.35 and a beta of 0.48. The firm’s 50-day simple moving average is C$58.31 and its 200 day simple moving average is C$54.93. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$61.41. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. The company had revenue of C$2.40 billion for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. Equities analysts expect that Keyera will post 2.2166667 EPS for the current year.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.16 annualized dividend and a yield of 3.7%. Keyera’s dividend payout ratio is currently 141.18%.

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.