Keyera (TSE:KEY) Price Target Cut to C$23.00

Keyera (TSE:KEY) had its price objective reduced by National Bank Financial from C$42.00 to C$23.00 in a report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other analysts have also commented on the stock. BMO Capital Markets lifted their price objective on shares of Keyera from C$34.00 to C$35.00 in a research report on Thursday, December 12th. Raymond James lowered their price objective on shares of Keyera from C$39.00 to C$32.00 and set an outperform rating on the stock in a research report on Thursday, March 12th. Wells Fargo & Co lifted their price objective on shares of Keyera from C$35.00 to C$36.00 in a research report on Tuesday, January 7th. Tudor Pickering & Holt reaffirmed a buy rating and issued a C$37.00 price objective on shares of Keyera in a research report on Thursday, December 12th. Finally, TD Securities lifted their price objective on shares of Keyera from C$39.00 to C$40.00 and gave the stock a buy rating in a research report on Friday, February 28th. Seven investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of C$31.75.

Shares of KEY stock opened at C$14.73 on Monday. The firm has a market cap of $2.94 billion and a price-to-earnings ratio of 7.12. The company has a debt-to-equity ratio of 98.97, a quick ratio of 0.61 and a current ratio of 0.80. Keyera has a 52 week low of C$10.04 and a 52 week high of C$36.56. The firm’s 50-day simple moving average is C$27.59 and its two-hundred day simple moving average is C$31.60.

Keyera (TSE:KEY) last announced its quarterly earnings data on Wednesday, February 26th. The company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.46 by C($0.32). The business had revenue of C$985.17 million for the quarter, compared to analyst estimates of C$853.00 million. Analysts forecast that Keyera will post 1.74 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th will be given a $0.16 dividend. This represents a $1.92 annualized dividend and a dividend yield of 13.03%. The ex-dividend date of this dividend is Friday, March 20th. Keyera’s dividend payout ratio (DPR) is currently 89.37%.

Keyera Company Profile

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.

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Analyst Recommendations for Keyera (TSE:KEY)

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