Keyera (TSE:KEY) Reaches New 12-Month High – Here’s What Happened

Keyera Corp. (TSE:KEY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$49.21 and last traded at C$49.07, with a volume of 559987 shares traded. The stock had previously closed at C$48.10.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. TD Securities reduced their target price on Keyera from C$54.00 to C$52.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Barclays decreased their price objective on shares of Keyera from C$45.00 to C$43.00 in a research report on Thursday, January 8th. BMO Capital Markets lowered their target price on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Finally, National Bank Financial cut their price target on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$51.00.

Keyera Stock Up 2.0%

The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The stock has a market capitalization of C$11.25 billion, a PE ratio of 26.25, a PEG ratio of 1.35 and a beta of 0.58. The company has a 50 day moving average price of C$44.50 and a 200-day moving average price of C$44.19.

Keyera (TSE:KEY) last announced its earnings results on Friday, November 14th. The company reported C$0.79 earnings per share (EPS) for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%.The firm had revenue of C$1.79 billion during the quarter. As a group, analysts forecast that Keyera Corp. will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.16 annualized dividend and a dividend yield of 4.4%. Keyera’s dividend payout ratio (DPR) is 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.