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

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

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

Keyera Trading Up 1.4 %

Shares of KEY traded up C$0.64 during mid-day trading on Friday, reaching C$45.11. The stock had a trading volume of 925,900 shares, compared to its average volume of 992,260. Keyera has a 52-week low of C$31.16 and a 52-week high of C$45.51. The firm has a market cap of C$10.34 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 1.35 and a beta of 2.09. The business’s fifty day moving average is C$42.78 and its 200 day moving average is C$39.39. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, September 13th. This is a positive change from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 4.61%. Keyera’s dividend payout ratio is 139.60%.

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.