ATB Capital Increases Keyera (TSE:KEY) Price Target to C$36.00

Keyera (TSE:KEY - Free Report) had its target price lifted by ATB Capital from C$34.00 to C$36.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada raised their price target on Keyera from C$38.00 to C$41.00 and gave the company an outperform rating in a report on Wednesday. National Bankshares increased their price target on shares of Keyera from C$34.00 to C$35.00 in a research note on Wednesday. CIBC boosted their price target on Keyera from C$36.00 to C$37.00 and gave the company a neutral rating in a research note on Wednesday. Citigroup raised their price objective on Keyera from C$35.00 to C$37.00 and gave the company a buy rating in a report on Wednesday, March 6th. Finally, TD Securities lifted their price objective on Keyera from C$38.00 to C$39.00 and gave the stock a buy rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$37.92.

Keyera Price Performance

Shares of KEY stock traded up C$0.08 during trading hours on Wednesday, hitting C$36.20. 872,185 shares of the company's stock were exchanged, compared to its average volume of 848,231. The stock's 50-day moving average is C$34.79 and its 200-day moving average is C$33.34. 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 has a 52 week low of C$29.31 and a 52 week high of C$36.94. The stock has a market cap of C$8.30 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.33 and a beta of 2.11.

Keyera (TSE:KEY - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, beating the consensus estimate of C$0.56 by C$0.37. Keyera had a net margin of 6.01% and a return on equity of 15.15%. The business had revenue of C$2.30 billion for the quarter, compared to analysts' expectations of C$1.59 billion. As a group, research analysts forecast that Keyera will post 1.9336235 EPS for the current year.

Keyera Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.52%. Keyera's dividend payout ratio 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.