Keyera (TSE:KEY) Raised to “Moderate Buy” at Raymond James

Raymond James upgraded shares of Keyera (TSE:KEY) to a moderate buy rating in a report issued on Thursday morning, Zacks.com reports.

KEY has been the subject of several other research reports. Royal Bank of Canada upped their price target on shares of Keyera from C$44.00 to C$45.00 and gave the stock an outperform rating in a research report on Thursday, October 3rd. BMO Capital Markets increased their price objective 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. CIBC increased their price objective on shares of Keyera from C$37.00 to C$39.00 in a research report on Monday, July 15th. National Bankshares increased their price objective on shares of Keyera from C$36.00 to C$38.00 and gave the stock a sector perform rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group increased their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the stock a buy rating in a research report on Monday, September 30th. Three equities research 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’s stock. According to MarketBeat, Keyera presently has a consensus rating of Moderate Buy and a consensus price target of C$41.50.

Keyera Stock Performance

TSE:KEY opened at C$43.94 on Thursday. The firm has a 50 day simple moving average of C$40.83 and a 200-day simple moving average of C$37.96. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The firm has a market cap of C$10.07 billion, a PE ratio of 29.49, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a 1-year low of C$31.16 and a 1-year high of C$44.56.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.54 by C$0.08. The business had revenue of C$1.72 billion during the quarter. Keyera had a net margin of 4.86% and a return on equity of 12.02%. On average, equities analysts expect that Keyera will post 2.2166667 EPS for the current year.

Keyera Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.73%. This is an increase from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. Keyera’s dividend payout ratio is 139.60%.

Insider Buying and Selling at Keyera

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