Keyera (TSE:KEY) Hits New 1-Year High – What’s Next?

Keyera Corp. (TSE:KEY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$45.80 and last traded at C$45.79, with a volume of 101243 shares. The stock had previously closed at C$45.13.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group raised their price objective 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. ATB Capital boosted their price target on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Citigroup increased their price objective on shares of Keyera from C$46.00 to C$50.00 in a research report on Monday. Royal Bank of Canada upped their price target 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. Finally, BMO Capital Markets lifted their price objective on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$42.58.

Keyera Trading Up 2.3 %

The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. The business has a fifty day moving average of C$43.15 and a 200-day moving average of C$39.62. The company has a market capitalization of C$10.89 billion, a P/E ratio of 31.90, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.52 per share. This is a boost from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.38%. Keyera’s payout ratio is presently 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.