Keyera (TSE:KEY) PT Raised to C$45.00 at Royal Bank of Canada

Keyera (TSE:KEY) had its target price lifted by Royal Bank of Canada from C$44.00 to C$45.00 in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently weighed in on KEY. Jefferies Financial Group upped their price target on Keyera from C$43.00 to C$47.00 and gave the stock a buy rating in a research note on Monday, September 30th. CIBC upped their price target on Keyera from C$37.00 to C$39.00 in a research note on Monday, July 15th. BMO Capital Markets upped their price target on Keyera from C$40.00 to C$41.00 and gave the stock a hold rating in a research note on Thursday, September 5th. Scotiabank upped their price target on Keyera from C$40.00 to C$42.00 and gave the stock an outperform rating in a research note on Monday, July 15th. Finally, ATB Capital upped their price target on Keyera from C$36.00 to C$39.00 in a research note on Wednesday, July 24th. 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, the stock presently has a consensus rating of Moderate Buy and an average target price of C$41.00.

Keyera Stock Up 0.2 %

Shares of TSE:KEY opened at C$43.54 on Thursday. Keyera has a 52-week low of C$30.55 and a 52-week high of C$43.63. The firm has a market capitalization of C$9.98 billion, a P/E ratio of 29.22, a P/E/G ratio of 1.35 and a beta of 2.09. The stock has a 50 day moving average price of C$40.31 and a 200-day moving average price of C$37.58. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30.

Keyera (TSE:KEY) last announced its earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.54 by C$0.08. Keyera had a return on equity of 12.02% and a net margin of 4.86%. The firm had revenue of C$1.72 billion during the quarter. As a group, equities research analysts anticipate that Keyera will post 2.1985409 EPS for the current fiscal year.

Keyera Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.78%. 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 currently 139.60%.

Insider Transactions at Keyera

In other news, Senior Officer Eileen Marikar sold 1,888 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total value of C$74,953.79. Company insiders own 0.39% of the company’s stock.

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.