Keyera (TSE:KEY) Hits New 52-Week High – Time to Buy?

Shares of Keyera Corp. (TSE:KEY) reached a new 52-week high on Wednesday . The stock traded as high as C$47.19 and last traded at C$47.16, with a volume of 482043 shares. The stock had previously closed at C$46.30.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. National Bankshares dropped their price target on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. TD Securities cut their target price on shares of 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 target price on shares of Keyera from C$45.00 to C$43.00 in a research note on Thursday, January 8th. BMO Capital Markets dropped their price target on 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, CIBC upped their price objective on Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Keyera presently has an average rating of “Moderate Buy” and a consensus target price of C$51.00.

Keyera Price Performance

The firm has a 50 day moving average price of C$44.17 and a 200 day moving average price of C$44.01. The stock has a market capitalization of C$10.82 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

Keyera (TSE:KEY) last released its quarterly 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 business had revenue of C$1.79 billion during the quarter. Research analysts anticipate that Keyera Corp. will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued 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 yield of 4.6%. Keyera’s payout ratio is currently 112.30%.

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.