Keyera (TSE:KEY) Price Target Raised to C$50.00

Keyera (TSE:KEY) had its price objective hoisted by Scotiabank from C$48.00 to C$50.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also issued reports on KEY. BMO Capital Markets boosted their price target on shares of Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Jefferies Financial Group boosted their price target on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th. Raymond James set a C$47.00 price target on shares of Keyera and gave the company an “outperform” rating in a report on Friday, October 11th. National Bankshares boosted their price target on shares of Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Keyera presently has an average rating of “Moderate Buy” and a consensus target price of C$43.62.

Keyera Stock Down 1.5 %

TSE KEY opened at C$43.42 on Wednesday. Keyera has a 12 month low of C$31.16 and a 12 month high of C$47.90. The company’s 50 day simple moving average is C$44.41 and its 200 day simple moving average is C$40.73. 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 company has a market capitalization of C$9.95 billion, a P/E ratio of 29.14, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Friday, December 13th. Keyera’s dividend payout ratio is 139.60%.

Insiders Place Their Bets

In other news, Director James Vance Bertram sold 50,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value of C$2,318,750.00. 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.