Keyera (TSE:KEY) Sets New 1-Year High at $35.78

Keyera Corp. (TSE:KEY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$35.78 and last traded at C$35.65, with a volume of 247715 shares trading hands. The stock had previously closed at C$35.23.

Analyst Upgrades and Downgrades

KEY has been the subject of a number of recent research reports. Jefferies Financial Group set a C$38.00 price target on shares of Keyera and gave the company a "buy" rating in a research note on Tuesday, February 27th. National Bankshares boosted their price target on shares of Keyera from C$33.00 to C$34.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 30th. Citigroup boosted their price target on shares of Keyera from C$35.00 to C$37.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. BMO Capital Markets boosted their price target on shares of Keyera from C$35.00 to C$36.00 and gave the company a "market perform" rating in a research note on Thursday, February 15th. Finally, CIBC boosted their price target on shares of Keyera from C$35.00 to C$36.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$36.72.

Keyera Price Performance

The company has a quick ratio of 0.57, a current ratio of 1.34 and a debt-to-equity ratio of 154.22. The business's 50-day simple moving average is C$34.24 and its 200 day simple moving average is C$33.06. The firm has a market capitalization of C$8.19 billion, a P/E ratio of 19.32, a PEG ratio of 1.33 and a beta of 2.12.

Keyera (TSE:KEY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, topping analysts' consensus estimates of C$0.56 by C$0.37. The company had revenue of C$2.30 billion during the quarter, compared to analyst estimates of C$1.59 billion. Keyera had a return on equity of 15.15% and a net margin of 6.01%. Sell-side analysts forecast that Keyera Corp. will post 1.9117965 earnings per share for the current year.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Thursday, March 14th. Keyera's dividend payout ratio (DPR) is 108.11%.

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.