Keyera (TSE:KEY) Sets New 1-Year High – Still a Buy?

Keyera Corp. (TSE:KEY) hit a new 52-week high on Wednesday . The stock traded as high as C$59.02 and last traded at C$58.71, with a volume of 2318939 shares. The stock had previously closed at C$57.44.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KEY. Scotia increased their target price on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. Royal Bank Of Canada increased their target price on Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. TD Securities increased their target price on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 13th. Jefferies Financial Group set a C$65.00 target price on Keyera and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays increased their target price 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$57.29.

Keyera Stock Performance

The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. The stock has a 50 day simple moving average of C$52.58 and a 200 day simple moving average of C$47.98. The company has a market capitalization of C$13.46 billion, a price-to-earnings ratio of 74.32, a P/E/G ratio of 1.35 and a beta of 0.56.

Keyera (TSE:KEY) last issued its earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. The company had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. As a group, analysts anticipate that Keyera Corp. will post 2.2166667 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a dividend of $0.54 per share. The ex-dividend date was Monday, March 16th. This represents a $2.16 annualized dividend and a dividend yield of 3.7%. Keyera’s payout ratio is currently 270.89%.

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.