Stifel Nicolaus Increases Keyera (TSE:KEY) Price Target to C$38.00

Keyera (TSE:KEY) had its price objective raised by Stifel Nicolaus from C$32.00 to C$38.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

KEY has been the topic of several other research reports. Citigroup lifted their price objective on shares of Keyera from C$35.00 to C$37.00 and gave the company a buy rating in a research report on Wednesday, March 6th. BMO Capital Markets boosted their price target on shares of Keyera from C$35.00 to C$36.00 and gave the stock a market perform rating in a research report on Thursday, February 15th. TD Securities boosted their price target on shares of Keyera from C$37.00 to C$38.00 and gave the stock a buy rating in a research report on Thursday, February 15th. Jefferies Financial Group set a C$38.00 price target on shares of Keyera and gave the stock a buy rating in a research report on Tuesday, February 27th. Finally, National Bankshares boosted their price target on shares of Keyera from C$33.00 to C$34.00 and gave the stock a sector perform rating in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$36.67.

Keyera Price Performance

Shares of TSE:KEY opened at C$35.44 on Thursday. The company has a market capitalization of C$8.12 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.33 and a beta of 2.12. The company has a debt-to-equity ratio of 154.22, a current ratio of 1.34 and a quick ratio of 0.57. Keyera has a 1-year low of C$29.31 and a 1-year high of C$35.97. The firm’s 50 day simple moving average is C$34.37 and its two-hundred day simple moving average is C$33.09.

Keyera (TSE:KEY) last released its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.56 by C$0.37. The firm had revenue of C$2.30 billion for the quarter, compared to analysts’ expectations of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%. Research analysts expect that Keyera will post 1.9117965 EPS for the current fiscal year.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date of this dividend was Thursday, March 14th. Keyera’s dividend payout ratio is currently 108.11%.

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.