Barclays Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its price objective upped by Barclays from C$43.00 to C$48.00 in a report published on Friday morning,BayStreet.CA reports.

Other analysts have also issued reports about the stock. National Bank Financial cut their price target on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. TD Securities lifted their price objective on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday. 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 on the stock in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.82.

Keyera Stock Up 1.6%

Keyera stock opened at C$51.85 on Friday. The company has a market capitalization of C$11.89 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a fifty-two week low of C$37.80 and a fifty-two week high of C$52.13. The firm has a 50 day moving average price of C$44.82 and a 200 day moving average price of C$44.33.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 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$1.70 billion for the quarter. Research analysts expect that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The company also recently announced 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. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, December 15th. Keyera’s dividend payout ratio is presently 112.30%.

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.