Royal Bank of Canada Analysts Give Keyera (TSE:KEY) a C$41.00 Price Target

Royal Bank of Canada set a C$41.00 target price on Keyera (TSE:KEY) in a report published on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on KEY. TD Securities boosted their price objective on Keyera from C$38.00 to C$39.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. CIBC boosted their price objective on Keyera from C$36.00 to C$37.00 and gave the stock a neutral rating in a research note on Wednesday, May 15th. Citigroup boosted their price objective on Keyera from C$37.00 to C$40.00 and gave the stock a buy rating in a research note on Thursday, May 16th. National Bankshares boosted their price objective on Keyera from C$34.00 to C$35.00 in a research note on Wednesday, May 15th. Finally, ATB Capital boosted their price objective on Keyera from C$34.00 to C$36.00 and gave the stock an outperform rating in a research note on Wednesday, May 15th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Keyera presently has a consensus rating of Moderate Buy and an average price target of C$38.18.

Keyera Stock Performance

Shares of TSE:KEY opened at C$37.89 on Tuesday. The company has a debt-to-equity ratio of 148.21, a current ratio of 1.08 and a quick ratio of 0.57. The business’s 50 day moving average price is C$36.12 and its 200-day moving average price is C$34.21. The firm has a market capitalization of C$8.68 billion, a PE ratio of 24.29, a P/E/G ratio of 1.35 and a beta of 2.11. Keyera has a 1 year low of C$29.93 and a 1 year high of C$38.15.

Keyera (TSE:KEY) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.52 by C($0.21). The firm had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.92 billion. Keyera had a return on equity of 12.77% and a net margin of 5.26%. As a group, equities research analysts expect that Keyera will post 2.1818182 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were issued a $0.50 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.28%. Keyera’s dividend payout ratio is presently 128.21%.

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.