Keyera (TSE:KEY) Reaches New 1-Year High Following Analyst Upgrade

Keyera Corp. (TSE:KEY) shares hit a new 52-week high on Monday after Raymond James Financial raised their price target on the stock from C$63.00 to C$66.00. The stock traded as high as C$55.35 and last traded at C$54.66, with a volume of 115131 shares changing hands. The stock had previously closed at C$54.34.

KEY has been the topic of a number of other research reports. Citigroup boosted their price objective on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. TD Securities raised their target price on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Barclays boosted their price target on Keyera from C$43.00 to C$48.00 in a report on Friday, February 13th. National Bank Financial lowered their price target on 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, BMO Capital Markets dropped their price objective on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report 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 given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$53.09.

Keyera Price Performance

The company has a market cap of C$12.34 billion, a PE ratio of 28.47, a PEG ratio of 1.35 and a beta of 0.70. The firm’s 50-day moving average is C$50.71 and its 200-day moving average is C$46.30. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74.

Keyera (TSE:KEY) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The business had revenue of C$1.70 billion during the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. On average, equities analysts anticipate that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, March 16th. Keyera’s dividend payout ratio (DPR) is presently 112.17%.

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.