Stifel Nicolaus Raises Keyera (TSE:KEY) Price Target to C$38.00

Keyera (TSE:KEY) had its price objective boosted by Stifel Nicolaus from C$32.00 to C$38.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

KEY has been the subject of a number of other research reports. Citigroup increased their price target on shares of Keyera from C$35.00 to C$37.00 and gave the company a buy rating in a research note on Wednesday, March 6th. BMO Capital Markets increased their price target on shares of Keyera from C$35.00 to C$36.00 and gave the company a market perform rating in a research note on Thursday, February 15th. TD Securities increased their price target on shares of Keyera from C$37.00 to C$38.00 and gave the company a buy rating in a research note on Thursday, February 15th. National Bankshares raised their target price on shares of Keyera from C$33.00 to C$34.00 and gave the stock a sector perform rating in a research note on Tuesday, January 30th. Finally, CIBC raised their target price on shares of Keyera from C$35.00 to C$36.00 and gave the stock a neutral rating in a research note on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Keyera has an average rating of Moderate Buy and a consensus price target of C$36.67.

Keyera Stock Performance

Shares of KEY stock opened at C$35.59 on Thursday. The stock has a market cap of C$8.16 billion, a P/E ratio of 19.24, a P/E/G ratio of 1.33 and a beta of 2.12. The company has a debt-to-equity ratio of 154.22, a current ratio of 1.34 and a quick ratio of 0.57. The company has a fifty day moving average price of C$34.42 and a two-hundred day moving average price of C$33.13. Keyera has a one year low of C$29.31 and a one year high of C$35.97.

Keyera (TSE:KEY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.37. The firm had revenue of C$2.30 billion during the quarter, compared to analysts’ expectations of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%. As a group, equities analysts predict that Keyera will post 1.9117965 EPS for the current year.

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Thursday, March 14th. Keyera’s dividend payout ratio is currently 108.11%.

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.