Keyera (TSE:KEY) Price Target Raised to C$50.00

Keyera (TSE:KEY) had its target price lifted by Citigroup from C$46.00 to C$50.00 in a research note released on Monday,BayStreet.CA reports.

A number of other brokerages also recently commented on KEY. Raymond James set a C$47.00 price objective on shares of Keyera and gave the company an “outperform” rating in a research report on Friday, October 11th. Royal Bank of Canada upped their price target on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets increased their price target on shares of Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. National Bankshares raised their price target on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group raised their price target on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Keyera presently has a consensus rating of “Moderate Buy” and an average price target of C$42.58.

Keyera Trading Up 3.0 %

Shares of Keyera stock opened at C$46.48 on Monday. The firm has a market cap of C$10.65 billion, a PE ratio of 31.19, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The business’s fifty day moving average is C$43.01 and its two-hundred day moving average is C$39.53. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$46.49.

Keyera Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.48%. This is an increase from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 13th. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.