BMO Capital Markets Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

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

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

Keyera Trading Up 1.4 %

KEY traded up C$0.64 during midday trading on Friday, hitting C$45.11. The company’s stock had a trading volume of 925,900 shares, compared to its average volume of 992,260. Keyera has a 52-week low of C$31.16 and a 52-week high of C$45.51. The firm has a 50-day moving average price of C$42.78 and a two-hundred day moving average price of C$39.39. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The firm has a market cap of C$10.34 billion, a P/E ratio of 30.28, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Friday, September 13th. This is a boost from Keyera’s previous quarterly dividend of $0.50. Keyera’s dividend payout ratio is currently 139.60%.

Keyera Company Profile

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.