Keyera (TSE:KEY) Reaches New 1-Year High – Should You Buy?

Shares of Keyera Corp. (TSE:KEY) reached a new 52-week high on Wednesday . The company traded as high as C$49.21 and last traded at C$49.07, with a volume of 559987 shares changing hands. The stock had previously closed at C$48.10.

Wall Street Analyst Weigh In

A number of brokerages have commented on KEY. National Bank Financial reduced their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a report on Tuesday, January 20th. Barclays decreased their price objective on Keyera from C$45.00 to C$43.00 in a research note on Thursday, January 8th. TD Securities cut their price objective on Keyera from C$54.00 to C$52.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Finally, BMO Capital Markets reduced their target price on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$51.00.

Keyera Trading Up 2.0%

The company has a 50-day moving average price of C$44.50 and a two-hundred day moving average price of C$44.19. The stock has a market cap of C$11.25 billion, a P/E ratio of 26.25, a P/E/G ratio of 1.35 and a beta of 0.58. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

Keyera (TSE:KEY) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.79 earnings per share (EPS) for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%.The company had revenue of C$1.79 billion during the quarter. On average, research analysts expect that Keyera Corp. will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.4%. Keyera’s payout ratio is currently 112.30%.

About Keyera

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.