Keyera (TSE:KEY) Given New C$56.00 Price Target at TD Securities

Keyera (TSE:KEY) had its target price upped by TD Securities from C$52.00 to C$56.00 in a research note published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on KEY. National Bank Financial decreased their price objective on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 20th. Barclays cut their price target on shares of Keyera from C$45.00 to C$43.00 in a research note on Thursday, January 8th. Finally, BMO Capital Markets lowered their price objective on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$51.82.

Keyera Stock Performance

Shares of KEY stock opened at C$51.85 on Friday. Keyera has a 12-month low of C$37.80 and a 12-month high of C$52.13. The business’s fifty day simple moving average is C$44.82 and its 200-day simple moving average is C$44.33. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The company has a market cap of C$11.89 billion, a PE ratio of 27.73, a PEG ratio of 1.35 and a beta of 0.58.

Keyera (TSE:KEY) last announced its earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share 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$1.70 billion for the quarter. Analysts expect that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, December 15th. Keyera’s payout ratio 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.