Keyera (TSE:KEY) Stock Price Expected to Rise, ATB Capital Analyst Says

Keyera (TSE:KEY) had its price objective increased by ATB Capital from C$43.00 to C$44.00 in a report released on Friday,BayStreet.CA reports.

Several other research analysts have also weighed in on KEY. Royal Bank of Canada lifted their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group boosted their price target on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th. Citigroup raised their price objective on Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. BMO Capital Markets boosted their target price on Keyera from C$41.00 to C$44.00 in a research note on Friday. Finally, Raymond James set a C$47.00 price target on Keyera and gave the stock an “outperform” rating in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Keyera currently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.58.

Keyera Trading Down 0.0 %

TSE:KEY opened at C$45.09 on Friday. The firm has a market capitalization of C$10.33 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a 1-year low of C$31.16 and a 1-year high of C$45.67. The business’s 50-day moving average price is C$42.89 and its two-hundred day moving average price is C$39.45. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51.

Keyera Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a dividend of $0.52 per share. This is a positive change from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.61%. Keyera’s payout ratio is 139.60%.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.