Keyera Corp. (KEY) To Go Ex-Dividend on September 15th

Keyera Corp. (TSE:KEY) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Tuesday, September 29th will be paid a dividend of 0.5625 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 4.2% increase from Keyera’s previous quarterly dividend of $0.54.

Keyera Trading Down 1.1%

Shares of KEY stock traded down C$0.61 on Friday, hitting C$54.54. 1,656,028 shares of the stock traded hands, compared to its average volume of 1,439,826. The stock has a market capitalization of C$16.00 billion, a PE ratio of 35.65, a PEG ratio of 1.35 and a beta of 0.46. Keyera has a twelve month low of C$40.09 and a twelve month high of C$61.41. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The firm’s 50-day moving average price is C$58.63 and its two-hundred day moving average price is C$55.77.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The firm had revenue of C$2.40 billion for the quarter. As a group, analysts anticipate that Keyera will post 2.2166667 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KEY shares. ATB Cormark Capital Markets boosted their price target on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 16th. BMO Capital Markets lowered their target price on shares of Keyera from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. Scotia raised their price target on Keyera from C$88.00 to C$92.00 and gave the company a “sector perform” rating in a research report on Friday, September 4th. Canadian Imperial Bank of Commerce upped their target price on Keyera from C$63.00 to C$65.00 in a research note on Tuesday, June 16th. Finally, Desjardins raised their price target on shares of Keyera from C$103.00 to C$112.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$73.00.

Keyera Company Profile

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.