National Bankshares Issues Positive Forecast for Keyera (TSE:KEY) Stock Price

Keyera (TSE:KEY) had its target price raised by National Bankshares from C$38.00 to C$39.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other research firms have also weighed in on KEY. Citigroup raised their target price on Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Monday, September 23rd. ATB Capital lifted their price objective on shares of Keyera from C$36.00 to C$39.00 in a report on Wednesday, July 24th. Royal Bank of Canada increased their target price on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Raymond James set a C$47.00 price objective on shares of Keyera and gave the company an “outperform” rating in a research note on Friday, October 11th. Finally, BMO Capital Markets upped their target price on Keyera from C$40.00 to C$41.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Keyera currently has a consensus rating of “Moderate Buy” and a consensus target price of C$42.25.

Keyera Stock Performance

Shares of Keyera stock opened at C$45.11 on Friday. The business has a 50-day simple moving average of C$42.78 and a 200 day simple moving average of C$39.39. The firm has a market capitalization of C$10.34 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. Keyera has a one year low of C$31.16 and a one year high of C$45.51.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from Keyera’s previous quarterly dividend of $0.50. Keyera’s dividend payout ratio is currently 139.60%.

About Keyera

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.