Keyera Corp. (KEY) To Go Ex-Dividend on September 15th

Keyera Corp. (TSE:KEY) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.5625 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, September 15th. This is a 4.2% increase from Keyera’s previous quarterly dividend of $0.54.

Keyera Stock Down 1.1%

Keyera stock traded down C$0.61 during mid-day trading on Friday, reaching C$54.54. The stock had a trading volume of 1,656,028 shares, compared to its average volume of 1,439,826. The company has a market capitalization of C$16.00 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.35 and a beta of 0.46. The company has a 50-day moving average price of C$58.63 and a two-hundred day moving average price of C$55.77. Keyera has a one year low of C$40.09 and a one year high of C$61.41. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57.

Keyera (TSE:KEY) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. The company had revenue of C$2.40 billion for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. On average, analysts expect that Keyera will post 2.2166667 EPS for the current fiscal year.

Analysts Set New Price Targets

KEY has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on shares of Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Citigroup boosted their price objective on shares of Keyera from C$102.00 to C$106.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Desjardins increased their target price on Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Jefferies Financial Group set a C$65.00 target price on Keyera and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, ATB Cormark Capital Markets lifted their target price on Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a report on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$73.00.

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.