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.

Analyst Upgrades and Downgrades

KEY has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of Keyera from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research note on Thursday, May 12th. National Bankshares boosted their price objective 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. CSFB cut their price objective on shares of Keyera from C$40.50 to C$38.00 in a research report on Friday, July 22nd. Raymond James boosted their price objective on shares of Keyera from C$34.00 to C$35.50 and gave the stock a "strong-buy" rating in a research report on Friday, August 5th. Finally, Credit Suisse Group cut their price objective on shares of Keyera from C$40.50 to C$38.00 in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Keyera presently has a consensus rating of "Moderate Buy" and an average target price of C$34.79.

Keyera Stock Performance

Shares of TSE:KEY traded down C$0.32 on Monday, hitting C$32.09. The company had a trading volume of 533,640 shares, compared to its average volume of 1,042,575. Keyera has a 1-year low of C$26.34 and a 1-year high of C$35.48. The stock has a market cap of C$7.09 billion and a price-to-earnings ratio of 15.81. The stock has a 50 day moving average price of C$31.28 and a 200 day moving average price of C$31.49. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Sunday, August 21st. This represents a $1.92 annualized dividend and a dividend yield of 5.98%. Keyera's dividend payout ratio is currently 86.70%.