Keyera - KEY Stock Forecast, Price & News

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. 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 condensate handling services. This segment has approximately 4,400 kilometers of gathering pipelines; and holds interests in 12 active gas plants in Alberta. The Liquids Infrastructure segment provides gathering, processing, fractionation, storage, transportation, liquids blending, and terminalling services for natural gas liquids (NGLs) and crude oil through a network of facilities that include underground NGL storage caverns, above ground storage tanks, NGL fractionation and de-ethanization facilities, pipelines, rail and truck terminals, NGL blending facilities, and the Alberta EnviroFuels facility. This segment also produces iso-octane. The Marketing segment engages in the marketing of propane, butane, condensate, and iso-octane, as well as liquids blending activities. The company was formerly known as Keyera Facilities Income Fund and changed its name to Keyera Corp. in January 2011. Keyera Corp. was founded in 2003 and is headquartered in Calgary, Canada.

Keyera Trading Up 0.7 %

Shares of TSE:KEY opened at C$32.07 on Friday. The company has a 50 day moving average of C$31.10 and a 200-day moving average of C$31.51. The firm has a market cap of C$7.09 billion and a P/E ratio of 15.80. Keyera has a twelve month low of C$26.34 and a twelve month high of C$35.48. The company has a current ratio of 1.12, a quick ratio of 0.75 and a debt-to-equity ratio of 141.51.

Keyera Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 15th will be paid a $0.16 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Sunday, August 21st. Keyera's dividend payout ratio is currently 86.70%.

Analysts Set New Price Targets

Several research firms have recently weighed in on KEY. National Bankshares boosted their target price on shares of Keyera from C$37.00 to C$38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 12th. Credit Suisse Group lowered their price objective on shares of Keyera from C$40.50 to C$38.00 in a research report on Friday, July 22nd. CIBC lowered their price objective on shares of Keyera from C$37.00 to C$26.00 in a research report on Thursday, July 21st. CSFB lowered their price objective on shares of Keyera from C$40.50 to C$38.00 in a research report on Friday, July 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of Keyera from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research report on Thursday, May 12th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$34.79.