Keyera (TSE:KEY) Hits New 52-Week High – Here’s What Happened

Keyera Corp. (TSE:KEY) reached a new 52-week high on Wednesday . The stock traded as high as C$53.76 and last traded at C$53.53, with a volume of 1058842 shares trading hands. The stock had previously closed at C$53.13.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays increased their price objective on Keyera from C$43.00 to C$48.00 in a report on Friday, February 13th. TD Securities upped their target price on shares of Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. BMO Capital Markets decreased their price target 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. National Bank Financial lowered 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 report on Tuesday, January 20th. Finally, Citigroup boosted their price objective on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$52.45.

Keyera Stock Up 0.5%

The stock has a 50 day simple moving average of C$47.95 and a 200-day simple moving average of C$45.44. The firm has a market cap of C$12.39 billion, a PE ratio of 28.60, a PEG ratio of 1.35 and a beta of 0.70. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57.

Keyera (TSE:KEY) last released its earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%.The business had revenue of C$1.70 billion for the quarter. Sell-side analysts predict that Keyera Corp. will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, March 16th. Keyera’s dividend payout ratio 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.