Keyera (TSE:KEY) Shares Down 5.5% - Time to Sell?

Key Points

• Shares down 5.5% — Keyera fell to C$50.06 (intraday low C$48.93) on Tuesday with only 342,373 shares traded, about 74% below average volume.
• Analysts' views are mixed but overall positive: consensus rating is "Moderate Buy" with a C$53.55 target, supported by one Strong Buy, seven Buy and four Hold recommendations and price targets ranging roughly C$46–C$66.
• Recent results show C$0.39 EPS on C$1.70B revenue; the company pays a C$0.54 quarterly dividend (annualized C$2.16, ~4.3% yield) but carries a high payout ratio (112%) and elevated debt-to-equity (~227.7%).

Keyera Corp. (TSE:KEY - Get Free Report)'s stock price fell 5.5% during trading on Tuesday . The company traded as low as C$48.93 and last traded at C$50.06. 342,373 shares traded hands during trading, a decline of 74% from the average session volume of 1,332,090 shares. The stock had previously closed at C$52.97.

Analysts Set New Price Targets

KEY has been the subject of several research reports. 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 for the company in a research note on Tuesday, January 20th. Raymond James Financial upped their price target on Keyera from C$63.00 to C$66.00 in a report on Monday, March 30th. TD Securities increased their price target on Keyera from C$52.00 to C$56.00 and gave the company a "buy" rating in a research report on Friday, February 13th. Citigroup boosted their price objective on 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, Barclays lifted their price target on shares of Keyera from C$48.00 to C$53.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Keyera currently has an average rating of "Moderate Buy" and a consensus target price of C$53.55.

Keyera Trading Down 5.4%

The business's 50 day simple moving average is C$52.25 and its 200 day simple moving average is C$47.14. 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 company has a market capitalization of C$11.49 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52.

Keyera (TSE:KEY - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%.The firm had revenue of C$1.70 billion for the quarter. Research analysts anticipate that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.16 annualized dividend and a yield of 4.3%. Keyera's dividend payout ratio is 112.17%.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.