Keyera (KEY) Given Outperform Rating at BMO Capital Markets
BMO Capital Markets restated their outperform rating on shares of Keyera (TSE:KEY) in a research note issued to investors on Monday morning. BMO Capital Markets currently has a C$43.00 price objective on the stock.
Other analysts have also issued research reports about the company. CIBC cut their price objective on Keyera from C$46.00 to C$45.00 in a report on Tuesday, October 17th. National Bank Financial cut their price objective on Keyera from C$49.00 to C$48.00 and set an outperform rating for the company in a report on Wednesday, November 8th. Scotiabank reaffirmed a sector perform rating and issued a C$41.00 price objective on shares of Keyera in a report on Wednesday, October 11th. TD Securities cut their price objective on Keyera from C$44.00 to C$43.00 and set a buy rating for the company in a report on Thursday, November 9th. Finally, Royal Bank of Canada cut their price objective on Keyera from C$46.00 to C$45.00 and set an outperform rating for the company in a report on Thursday, August 17th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Keyera presently has a consensus rating of Buy and a consensus price target of C$43.50.
Shares of Keyera (TSE:KEY) opened at C$34.87 on Monday. Keyera has a fifty-two week low of C$34.07 and a fifty-two week high of C$42.57.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.68 annualized dividend and a dividend yield of 4.82%. Keyera’s payout ratio is 128.15%.
Keyera Company Profile
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products and separate the economic components, primarily natural gas liquids (NGLs).
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