BMO Capital Markets Increases Keyera (TSE:KEY) Price Target to C$44.00

Keyera (TSE:KEY) had its price target hoisted by BMO Capital Markets from C$41.00 to C$44.00 in a research report report published on Friday,BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. ATB Capital upped their price target on Keyera from C$36.00 to C$39.00 in a research note on Wednesday, July 24th. Jefferies Financial Group boosted their price target on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Raymond James set a C$47.00 price target on shares of Keyera and gave the stock an “outperform” rating in a research report on Friday, October 11th. National Bankshares lifted their price objective on shares of Keyera from C$38.00 to C$39.00 in a report on Friday. Finally, Royal Bank of Canada increased their target price on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Keyera currently has a consensus rating of “Moderate Buy” and an average price target of C$42.25.

Keyera Trading Up 1.4 %

Shares of KEY stock opened at C$45.11 on Friday. Keyera has a 1-year low of C$31.16 and a 1-year high of C$45.51. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The company has a 50-day moving average of C$42.78 and a two-hundred day moving average of C$39.39. The firm has a market cap of C$10.34 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.61%. This is an increase from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. Keyera’s payout ratio is 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.