Keyera (TSE:KEY) Given New C$47.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo & Company has increased Keyera's price target from C$46.00 to C$47.00, indicating a potential upside of 8.27% from the current stock price.
• Multiple analysts have revised their target prices for Keyera, with Scotiabank raising it to C$54.00 and CIBC to C$56.00, demonstrating overall positive sentiment towards the company's performance.
• Keyera currently has a market capitalization of C$10.00 billion and operates primarily in the midstream energy sector, focusing on the gathering and processing of natural gas in western Canada.

Keyera (TSE:KEY - Free Report) had its target price boosted by Wells Fargo & Company from C$46.00 to C$47.00 in a research report released on Wednesday morning,BayStreet.CA reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms also recently commented on KEY. 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, June 23rd. Citigroup lifted their price target on Keyera from C$50.00 to C$51.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Tudor Pickering upgraded Keyera from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 25th. ATB Capital raised their price target on shares of Keyera from C$46.00 to C$48.00 and gave the stock a "sector perform" rating in a research report on Monday, June 23rd. Finally, National Bankshares set a C$45.00 price objective on shares of Keyera and gave the company a "sector perform" rating in a research note on Friday, June 20th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$50.92.

Keyera Stock Up 0.1%

TSE KEY traded up C$0.03 during trading on Wednesday, hitting C$44.10. The company's stock had a trading volume of 1,169,358 shares, compared to its average volume of 1,261,839. Keyera has a fifty-two week low of C$37.80 and a fifty-two week high of C$47.90. The company has a market cap of C$10.16 billion, a PE ratio of 22.73, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The business's 50 day simple moving average is C$43.29 and its 200-day simple moving average is C$42.70.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.7%. The ex-dividend date was 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.