Keyera (TSE:KEY) Price Target Raised to C$66.00

Keyera (TSE:KEY – Free Report) had its price objective increased by Royal Bank Of Canada from C$62.00 to C$66.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

KEY has been the subject of a number of other research reports. National Bank Financial raised their price target on shares of Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. BMO Capital Markets upped their price objective on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Barclays upped their price objective on Keyera from C$56.00 to C$61.00 in a research note on Friday, August 7th. Scotiabank increased their target price on Keyera from C$65.00 to C$66.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 21st. Finally, Scotia raised their target price on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$62.69.

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Keyera Stock Up 0.6%

KEY opened at C$58.25 on Monday. The firm’s fifty day moving average price is C$58.18 and its two-hundred day moving average price is C$54.26. The company has a market capitalization of C$17.09 billion, a P/E ratio of 38.07, a P/E/G ratio of 1.35 and a beta of 0.48. Keyera has a fifty-two week low of C$40.09 and a fifty-two week 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 – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The business 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 anticipate that Keyera will post 2.2166667 EPS for the current year.

Keyera Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 3.7%. Keyera’s dividend payout ratio (DPR) is 141.18%.

Keyera Company Profile

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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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