Keyera (TSE:KEY) Stock Gets Price Target Reduction from ATB Cormark Capital Markets

Keyera (TSE:KEY) had its target price decreased by ATB Cormark Capital Markets from C$63.00 to C$61.00 in a research note published on Wednesday morning,BayStreet reports. ATB Cormark Capital Markets currently has a sector outperform rating on the stock.

Several other analysts also recently issued reports on KEY. Desjardins boosted their price target on Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Royal Bank Of Canada upped their price objective on Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Barclays increased their price objective on Keyera from C$56.00 to C$61.00 in a research report on Friday, August 7th. BMO Capital Markets dropped their target price on Keyera from C$63.00 to C$62.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Scotiabank boosted their target price on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$73.07.

Keyera Trading Up 0.5%

Shares of TSE:KEY opened at C$51.75 on Wednesday. Keyera has a 12-month low of C$40.09 and a 12-month high of C$61.41. The stock has a market cap of C$15.19 billion, a PE ratio of 33.82, a P/E/G ratio of 1.35 and a beta of 0.67. The business has a 50 day moving average of C$53.74 and a 200-day moving average of C$54.65. The company has a quick ratio of 0.57, a current ratio of 0.91 and a debt-to-equity ratio of 174.48.

Keyera (TSE:KEY) last posted its earnings results on Tuesday, November 10th. The company reported C($0.23) EPS for the quarter. The firm had revenue of C$2.44 billion during the quarter. Keyera had a net margin of 2.54% and a return on equity of 5.34%. As a group, equities research analysts forecast that Keyera will post 2.22 earnings per share for the current year.

Keyera Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 4.3%. This is an increase from Keyera’s previous quarterly dividend of $0.54. The ex-dividend date was Tuesday, September 15th. Keyera’s dividend payout ratio is presently 141.18%.

Insider Transactions at Keyera

In related news, Director Taylor Timothy Kitchen purchased 500 shares of Keyera stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average price of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the transaction, the director directly owned 7,500 shares of the company’s stock, valued at C$418,050. This represents a 7.14% increase in their position. 0.39% of the stock is owned by corporate insiders.

Keyera Company Profile

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.