Keyera (TSE:KEY) Trading Up 1.8% – Here’s What Happened

Keyera Corp. (TSE:KEY)’s stock price shot up 1.8% during trading on Friday . The stock traded as high as C$56.12 and last traded at C$56.12. 151,445 shares were traded during mid-day trading, a decline of 89% from the average session volume of 1,390,325 shares. The stock had previously closed at C$55.11.

Analyst Ratings Changes

Several research firms recently commented on KEY. National Bank Financial cut their price target on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a report on Tuesday, January 20th. Barclays increased their price target on Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Citigroup increased their price target on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Raymond James Financial increased their price target on Keyera from C$63.00 to C$66.00 in a report on Monday, March 30th. Finally, TD Securities increased their price target on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$54.08.

Keyera Stock Performance

The firm has a 50 day simple moving average of C$52.26 and a 200-day simple moving average of C$47.64. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57. The company has a market cap of C$12.94 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.35 and a beta of 0.56.

Keyera (TSE:KEY) last posted its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. The business had revenue of C$1.30 billion for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%. As a group, analysts predict that Keyera Corp. will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.16 annualized dividend and a yield of 3.8%. Keyera’s dividend payout ratio (DPR) 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.