Keyera (TSE:KEY) Sets New 12-Month High – Should You Buy?

Keyera Corp. (TSE:KEY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$44.65 and last traded at C$44.61, with a volume of 162705 shares. The stock had previously closed at C$44.07.

Analysts Set New Price Targets

KEY has been the subject of several recent research reports. BMO Capital Markets increased their price target on Keyera from C$40.00 to C$41.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Jefferies Financial Group raised their target price on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, September 30th. ATB Capital boosted their target price on shares of Keyera from C$36.00 to C$39.00 in a report on Wednesday, July 24th. Citigroup raised their target price on shares of Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, National Bankshares boosted their price target on Keyera from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$41.50.

Keyera Trading Down 1.0 %

The firm has a 50 day simple moving average of C$42.68 and a 200 day simple moving average of C$39.32. The firm has a market cap of C$10.19 billion, a P/E ratio of 29.85, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30.

Keyera Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from Keyera’s previous quarterly dividend of $0.50. Keyera’s dividend payout ratio (DPR) is 139.60%.

Keyera Company Profile

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.