Keyera (TSE:KEY) Price Target Increased to C$47.00 by Analysts at Jefferies Financial Group

Keyera (TSE:KEY) had its target price upped by Jefferies Financial Group from C$43.00 to C$47.00 in a research report released on Monday, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

KEY has been the subject of a number of other reports. Royal Bank of Canada raised their price objective on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday, August 9th. Citigroup boosted their price target on Keyera from C$40.00 to C$46.00 and gave the stock a buy rating in a report on Monday, September 23rd. ATB Capital increased their price objective on Keyera from C$36.00 to C$39.00 in a research note on Wednesday, July 24th. National Bankshares boosted their target price on shares of Keyera from C$36.00 to C$38.00 and gave the company a sector perform rating in a research note on Friday, August 23rd. Finally, CIBC raised their price target on shares of Keyera from C$37.00 to C$39.00 in a research note on Monday, July 15th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$40.91.

Keyera Stock Performance

The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. The stock has a market capitalization of C$9.86 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 12-month low of C$30.08 and a 12-month high of C$43.05. The business’s 50 day moving average price is C$40.13 and its two-hundred day moving average price is C$37.46.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.62 EPS for the quarter, topping the consensus estimate of C$0.54 by C$0.08. Keyera had a net margin of 4.86% and a return on equity of 12.02%. The business had revenue of C$1.72 billion for the quarter. On average, analysts predict that Keyera will post 2.1985409 EPS for the current fiscal year.

Keyera Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors 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 yield of ∞. Keyera’s dividend payout ratio is 139.60%.

Insider Buying and Selling at Keyera

In other news, Senior Officer Eileen Marikar sold 1,888 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total transaction of C$74,953.79. 0.39% of the stock is owned by company insiders.

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.