TD Securities Cuts Keyera (TSE:KEY) Price Target to C$52.00

Keyera (TSE:KEY) had its price target reduced by TD Securities from C$54.00 to C$52.00 in a research note published on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

KEY has been the subject of a number of other reports. National Bankshares dropped 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. CIBC increased their target price on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. BMO Capital Markets cut their price target on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday, January 9th. Finally, Barclays reduced their price target on shares of Keyera from C$45.00 to C$43.00 in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and an average target price of C$51.00.

Keyera Stock Down 0.1%

KEY opened at C$43.69 on Tuesday. The firm has a market cap of C$10.02 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.35 and a beta of 0.53. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The firm’s 50-day simple moving average is C$43.90 and its 200-day simple moving average is C$43.86. Keyera has a twelve month low of C$37.80 and a twelve month high of C$47.12.

Keyera (TSE:KEY) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.79 EPS for the quarter. The firm had revenue of C$1.79 billion for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. Equities research analysts anticipate that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a dividend of $0.54 per share. The ex-dividend date was Monday, December 15th. This represents a $2.16 annualized dividend and a dividend yield of 4.9%. Keyera’s payout ratio is presently 112.30%.

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.