National Bankshares Forecasts Strong Price Appreciation for Keyera (TSE:KEY) Stock

Keyera (TSE:KEY) had its price objective lifted by National Bankshares from C$38.00 to C$39.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

KEY has been the topic of a number of other research reports. ATB Capital increased their price target on Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Royal Bank of Canada raised their target price on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets upped their price target on shares of Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Citigroup lifted their price objective on shares of Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Raymond James set a C$47.00 target price on Keyera and gave the stock an “outperform” rating in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Keyera currently has an average rating of “Moderate Buy” and an average target price of C$42.58.

Keyera Stock Down 0.0 %

Shares of TSE:KEY opened at C$45.09 on Friday. The business’s 50 day moving average is C$42.89 and its 200 day moving average is C$39.45. The stock has a market cap of C$10.33 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 52-week low of C$31.16 and a 52-week high of C$45.67. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51.

Keyera Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from Keyera’s previous quarterly dividend of $0.50. Keyera’s dividend payout ratio (DPR) is currently 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.