Keyera (TSE:KEY) Hits New 12-Month High - What's Next?

Key Points

• Keyera hit a new 52-week high, trading as high as C$54.63 (last C$54.34) on volume ~134,493, and several analysts have revised targets; the consensus rating is Moderate Buy with a consensus target of C$52.45.
• The company declared a quarterly dividend of C$0.54 (annualized C$2.16) for a yield of 4.0%, payable March 31 with ex-dividend March 16, but the dividend payout ratio is a high 112.17%.
• Keyera has a market cap of C$12.36 billion and a P/E of 28.53; it reported last-quarter EPS of C$0.39 on C$1.70 billion revenue, and analysts forecast roughly C$2.22 EPS for the current fiscal year.

Keyera Corp. (TSE:KEY - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as C$54.63 and last traded at C$54.34, with a volume of 134493 shares. The stock had previously closed at C$53.33.

Analyst Ratings Changes

KEY has been the subject of several recent research reports. TD Securities boosted their price target on Keyera from C$52.00 to C$56.00 and gave the company a "buy" rating in a research note on Friday, February 13th. BMO Capital Markets cut their price objective on shares of Keyera from C$54.00 to C$51.00 and set an "outperform" rating on the stock in a research report on Friday, January 9th. Barclays lifted their target price on shares of Keyera from C$43.00 to C$48.00 in a research note on Friday, February 13th. Citigroup boosted their target price on shares of Keyera from C$51.00 to C$58.00 and gave the stock a "buy" rating in a research report on Monday, February 23rd. Finally, National Bank Financial dropped their price target on shares of Keyera from C$48.00 to C$46.00 and set a "sector perform" rating on the stock in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$52.45.

Keyera Stock Performance

The company has a market cap of C$12.36 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.35 and a beta of 0.70. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57. The firm has a fifty day simple moving average of C$49.49 and a 200 day simple moving average of C$45.90.

Keyera (TSE:KEY - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The business had revenue of C$1.70 billion during the quarter. On average, sell-side analysts expect that Keyera Corp. will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, March 16th. Keyera's dividend payout ratio is 112.17%.

About Keyera

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.

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