Keyera (TSE:KEY – Free Report) had its target price hoisted by Scotiabank from C$65.00 to C$66.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Scotiabank currently has a sector outperform rating on the stock.
Other equities analysts have also recently issued research reports about the stock. ATB Cormark Capital Markets upped their price target on shares of Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 16th. National Bank Financial increased their price target on shares of Keyera from C$61.00 to C$62.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Scotia increased 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 report on Friday, May 15th. Royal Bank Of Canada boosted their price objective on shares of Keyera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. Finally, TD set a C$68.00 price objective on Keyera and gave the company a “buy” rating in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$60.93.
Check Out Our Latest Stock Analysis on Keyera
Keyera Stock Performance
Keyera (TSE:KEY – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The company had revenue of C$1.30 billion for the quarter. On average, equities research analysts predict that Keyera will post 2.2166667 earnings per share for the current fiscal year.
Keyera Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, June 15th. Keyera’s dividend payout ratio (DPR) is presently 270.89%.
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.
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