Keyera (TSE:KEY) Given a C$46.00 Price Target at Barclays

Barclays set a C$46.00 price target on Keyera (TSE:KEY) in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has an equal weight rating on the stock.

Several other equities analysts also recently commented on KEY. National Bankshares raised their target price on Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th. Citigroup increased their price objective on Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. Royal Bank of Canada boosted their target price on shares of Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday. ATB Capital increased their target price on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Finally, Scotiabank boosted their price target on shares of Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$43.62.

Keyera Stock Performance

TSE:KEY opened at C$43.42 on Thursday. The firm has a market capitalization of C$9.95 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. Keyera has a 12-month low of C$31.16 and a 12-month high of C$47.90. The firm has a 50-day moving average price of C$44.41 and a 200 day moving average price of C$40.77.

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Friday, December 13th. Keyera’s dividend payout ratio is currently 139.60%.

Insiders Place Their Bets

In related news, Director James Vance Bertram sold 50,000 shares of Keyera stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

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.