Keyera (TSE:KEY) Price Target Raised to C$48.00 at ATB Capital

Keyera (TSE:KEY - Free Report) had its target price boosted by ATB Capital from C$46.00 to C$48.00 in a research report released on Monday morning,BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

KEY has been the topic of several other research reports. Raymond James Financial upped their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Royal Bank Of Canada upped their price target on shares of Keyera from C$46.00 to C$53.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. BMO Capital Markets raised shares of Keyera from a "hold" rating to a "strong-buy" rating and raised their price target for the stock from C$45.50 to C$54.00 in a report on Wednesday, June 18th. Scotiabank lifted their price objective on shares of Keyera from C$51.00 to C$54.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, TD Securities raised shares of Keyera from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from C$47.00 to C$51.00 in a report on Friday, June 20th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Keyera has an average rating of "Buy" and an average price target of C$51.18.

Keyera Stock Up 0.1%

TSE:KEY traded up C$0.05 during mid-day trading on Monday, hitting C$43.98. 836,504 shares of the company's stock traded hands, compared to its average volume of 1,337,385. The company has a fifty day moving average of C$42.75 and a 200 day moving average of C$42.67. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a twelve month low of C$35.35 and a twelve month high of C$47.90. The company has a market capitalization of C$10.13 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Monday, June 16th. Keyera's dividend payout ratio (DPR) is currently 107.20%.

Keyera Company Profile

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.