National Bankshares Cuts Keyera (TSE:KEY) Price Target to C$46.00

by · The Markets Daily

Keyera (TSE:KEY – Free Report) had its target price reduced by National Bankshares from C$48.00 to C$46.00 in a report issued on Tuesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research firms also recently issued reports on KEY. Barclays cut their price objective on Keyera from C$45.00 to C$43.00 in a report on Thursday, January 8th. CIBC boosted their price target on shares of Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, BMO Capital Markets reduced their price target on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.00.

Read Our Latest Stock Analysis on KEY

Keyera Price Performance

Shares of TSE:KEY opened at C$43.69 on Tuesday. The company has a market capitalization of C$10.02 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The stock has a fifty day moving average of C$43.90 and a 200-day moving average of C$43.86. Keyera has a one year low of C$37.80 and a one year high of C$47.12.

Keyera (TSE:KEY – Get Free Report) last announced its earnings results on Friday, November 14th. The company reported C$0.79 earnings per share (EPS) for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%.The company had revenue of C$1.79 billion for the quarter. As a group, equities analysts anticipate that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.16 dividend on an annualized basis and a yield of 4.9%. Keyera’s payout ratio is presently 112.30%.

Keyera Company Profile

(Get Free Report)

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.

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