Keyera (TSE:KEY) Reaches New 52-Week High – Should You Buy?

Keyera Corp. (TSE:KEY) reached a new 52-week high on Tuesday . The stock traded as high as C$54.63 and last traded at C$54.34, with a volume of 134493 shares. The stock had previously closed at C$53.33.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup raised their target price on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, February 23rd. BMO Capital Markets cut their price target on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday, January 9th. TD Securities increased their price objective on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Barclays raised their price objective on shares of Keyera from C$43.00 to C$48.00 in a research note on Friday, February 13th. Finally, National Bank Financial cut 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 research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$52.45.

Keyera Price Performance

The stock has a market cap of C$12.36 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.35 and a beta of 0.70. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57. The stock’s 50 day simple moving average is C$49.49 and its two-hundred day simple moving average is C$45.90.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The company had revenue of C$1.70 billion during the quarter. On average, analysts forecast that Keyera Corp. will post 2.2166667 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, March 16th. Keyera’s dividend payout ratio is currently 112.17%.

Keyera Company Profile

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.