Keyera (TSE:KEY) Trading Up 1.8% – Here’s What Happened

Shares of Keyera Corp. (TSE:KEY) were up 1.8% during mid-day trading on Friday . The stock traded as high as C$56.12 and last traded at C$56.12. Approximately 151,445 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,390,325 shares. The stock had previously closed at C$55.11.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KEY shares. Raymond James Financial boosted their price objective on Keyera from C$63.00 to C$66.00 in a report on Monday, March 30th. Barclays upped their price target on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. TD Securities upped their price target on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 13th. National Bank Financial reduced their price target on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a report on Tuesday, January 20th. Finally, Citigroup upped their price target on Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$54.08.

Keyera Stock Performance

The firm has a market cap of C$12.94 billion, a PE ratio of 29.87, a P/E/G ratio of 1.35 and a beta of 0.56. The firm has a 50-day moving average price of C$52.26 and a two-hundred day moving average price of C$47.64. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74.

Keyera (TSE:KEY) last released its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The firm had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. Research analysts forecast that Keyera Corp. will post 2.2166667 EPS for the current fiscal year.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, March 16th. Keyera’s dividend payout ratio (DPR) is 112.17%.

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.