Keyera (TSE:KEY) Price Target Raised to C$61.00 at Barclays

Keyera (TSE:KEY) had its price target raised by Barclays from C$56.00 to C$61.00 in a report issued on Friday,BayStreet.CA reports.

KEY has been the subject of several other reports. BMO Capital Markets upped their price objective on Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. Raymond James Financial decreased their target price on Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd. TD set a C$68.00 target price on Keyera and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Scotia raised their price target on shares of Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. Finally, Scotiabank raised their price target on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$61.29.

Keyera Stock Performance

Shares of TSE:KEY opened at C$57.11 on Friday. Keyera has a 1 year low of C$40.09 and a 1 year high of C$61.41. The stock has a market capitalization of C$16.76 billion, a price-to-earnings ratio of 72.29, a price-to-earnings-growth ratio of 1.35 and a beta of 0.48. The company has a debt-to-equity ratio of 249.10, a current ratio of 1.60 and a quick ratio of 0.57. The company’s 50 day simple moving average is C$58.15 and its 200 day simple moving average is C$53.89.

Keyera (TSE:KEY) last issued its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%.The firm had revenue of C$2.40 billion for the quarter. As a group, research analysts predict that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.54 per share. The ex-dividend date was Monday, June 15th. This represents a $2.16 annualized dividend and a yield of 3.8%. Keyera’s dividend payout ratio (DPR) is currently 270.89%.

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.