Keyera (TSE:KEY) had its target price reduced by National Bank Financial from C$45.00 to C$43.00 in a research report released on Monday morning. National Bank Financial currently has an outperform rating on the stock.
Several other equities analysts have also weighed in on KEY. Scotiabank restated a sector perform rating and set a C$41.00 target price on shares of Keyera in a report on Wednesday, October 11th. CIBC cut their target price on Keyera from C$46.00 to C$45.00 in a report on Tuesday, October 17th. TD Securities cut their target price on Keyera from C$44.00 to C$43.00 and set a buy rating on the stock in a report on Thursday, November 9th. BMO Capital Markets restated an outperform rating and set a C$43.00 target price on shares of Keyera in a report on Monday, December 11th. Finally, Raymond James Financial raised their target price on Keyera from C$41.00 to C$44.00 and gave the company an outperform rating in a report on Monday, December 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Keyera currently has an average rating of Buy and a consensus price target of C$43.00.
Shares of Keyera (KEY) opened at C$34.61 on Monday. The stock has a market capitalization of $7,060.00, a price-to-earnings ratio of 27.25 and a beta of 0.88. Keyera has a 12-month low of C$34.07 and a 12-month high of C$42.57.
Keyera (TSE:KEY) last posted its earnings results on Tuesday, November 7th. The company reported C$0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.28 by C($0.08). Keyera had a net margin of 5.03% and a return on equity of 7.93%.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be paid a $0.14 dividend. The ex-dividend date is Friday, January 19th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.85%. Keyera’s payout ratio is presently 128.15%.
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Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).
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