Stifel Nicolaus Raises Keyera (TSE:KEY) Price Target to C$38.00

Keyera (TSE:KEY - Free Report) had its price target boosted by Stifel Nicolaus from C$32.00 to C$38.00 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on KEY. Jefferies Financial Group set a C$38.00 target price on shares of Keyera and gave the company a buy rating in a research note on Tuesday, February 27th. BMO Capital Markets boosted their target price on Keyera from C$35.00 to C$36.00 and gave the stock a market perform rating in a research report on Thursday, February 15th. CIBC raised their price target on Keyera from C$35.00 to C$36.00 and gave the company a neutral rating in a report on Thursday, February 15th. TD Securities lifted their price objective on Keyera from C$37.00 to C$38.00 and gave the stock a buy rating in a research note on Thursday, February 15th. Finally, Citigroup increased their target price on Keyera from C$35.00 to C$37.00 and gave the company a buy rating in a research report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$36.67.

Keyera Stock Performance

Shares of TSE:KEY traded down C$0.12 during mid-day trading on Thursday, reaching C$35.44. 691,587 shares of the company traded hands, compared to its average volume of 862,524. Keyera has a 52 week low of C$29.31 and a 52 week high of C$35.97. The firm has a market cap of C$8.12 billion, a PE ratio of 19.16, a PEG ratio of 1.33 and a beta of 2.12. The company's 50 day moving average price is C$34.37 and its 200-day moving average price is C$33.09. The company has a debt-to-equity ratio of 154.22, a current ratio of 1.34 and a quick ratio of 0.57.

Keyera (TSE:KEY - Get Free Report) last posted 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. Keyera had a return on equity of 15.15% and a net margin of 6.01%. The company had revenue of C$2.30 billion for the quarter, compared to analysts' expectations of C$1.59 billion. On average, equities analysts expect that Keyera will post 1.9117965 EPS for the current fiscal year.

Keyera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend was Thursday, March 14th. Keyera's dividend payout ratio (DPR) is 108.11%.

About Keyera

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.