Keyera (TSE:KEY) Price Target Raised to C$44.00 at ATB Capital

Keyera (TSE:KEY - Free Report) had its price objective lifted by ATB Capital from C$43.00 to C$44.00 in a report released on Friday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Raymond James set a C$47.00 price objective on Keyera and gave the company an "outperform" rating in a research report on Friday, October 11th. National Bankshares lifted their price target on Keyera from C$38.00 to C$39.00 in a research report on Friday. Citigroup increased their price objective on Keyera from C$40.00 to C$46.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. BMO Capital Markets boosted their target price on shares of Keyera from C$41.00 to C$44.00 in a report on Friday. Finally, Jefferies Financial Group upped their target price on shares of Keyera from C$43.00 to C$47.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$42.25.

Keyera Trading Up 1.4 %

Shares of TSE:KEY traded up C$0.64 on Friday, hitting C$45.11. The company had a trading volume of 925,900 shares, compared to its average volume of 992,260. The firm's 50-day simple moving average is C$42.78 and its two-hundred day simple moving average is C$39.39. The firm has a market capitalization 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 company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. Keyera has a 1 year low of C$31.16 and a 1 year high of C$45.51.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued 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 dividend on an annualized basis and a dividend yield of 4.61%. Keyera's dividend payout ratio is presently 139.60%.

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.