Keyera (TSE:KEY) PT Set at C$47.00 by Raymond James

Raymond James set a C$47.00 price target on Keyera (TSE:KEY - Free Report) in a research report released on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on KEY. Citigroup increased their target price on shares of Keyera from C$40.00 to C$46.00 and gave the stock a buy rating in a research report on Monday, September 23rd. BMO Capital Markets raised their price objective on Keyera from C$40.00 to C$41.00 and gave the stock a hold rating in a research note on Thursday, September 5th. Royal Bank of Canada upped their target price on Keyera from C$44.00 to C$45.00 and gave the company an outperform rating in a research report on Thursday, October 3rd. CIBC increased their target price on Keyera from C$37.00 to C$39.00 in a report on Monday, July 15th. Finally, National Bankshares boosted their price target on Keyera from C$36.00 to C$38.00 and gave the company a sector perform rating in a research note on Friday, August 23rd. Three investment 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.com, Keyera currently has a consensus rating of Moderate Buy and an average price target of C$41.50.

Keyera Stock Performance

KEY traded down C$0.33 during trading on Friday, hitting C$43.94. The stock had a trading volume of 1,333,572 shares, compared to its average volume of 1,030,841. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The company has a 50 day moving average price of C$40.73 and a 200-day moving average price of C$37.89. Keyera has a one year low of C$31.16 and a one year high of C$44.56. The firm has a market cap of C$10.07 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 1.35 and a beta of 2.09.

Keyera (TSE:KEY - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, topping analysts' consensus estimates of C$0.54 by C$0.08. Keyera had a return on equity of 12.02% and a net margin of 4.86%. The company had revenue of C$1.72 billion during the quarter. As a group, research analysts predict that Keyera will post 2.2166667 EPS for the current year.

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 paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.73%. This is a boost from Keyera's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. Keyera's dividend payout ratio is presently 139.60%.

Insiders Place Their Bets

In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total value of C$74,953.79. Insiders own 0.39% of the company's stock.

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.