Keyera (TSE:KEY) Earns “Market Perform” Rating from BMO Capital Markets

BMO Capital Markets reissued their market perform rating on shares of Keyera (TSE:KEY) in a research report sent to investors on Tuesday, Stock Target Advisor reports.

Other research analysts also recently issued research reports about the company. CSFB downgraded Keyera from an outperform rating to a neutral rating and boosted their price target for the company from C$34.00 to C$36.00 in a report on Thursday, June 17th. Credit Suisse Group downgraded Keyera from an outperform rating to a neutral rating and boosted their price target for the company from C$34.00 to C$36.00 in a report on Thursday, June 17th. Industrial Alliance Securities restated a buy rating and set a C$33.00 price target on shares of Keyera in a report on Monday, May 31st. National Bank Financial boosted their price target on Keyera to C$36.00 and gave the company an outperform rating in a report on Friday, August 6th. Finally, National Bankshares upped their target price on Keyera from C$35.00 to C$36.00 and gave the stock an outperform rating in a report on Friday, August 6th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Keyera presently has a consensus rating of Buy and a consensus target price of C$33.91.

TSE KEY opened at C$32.23 on Tuesday. Keyera has a 1-year low of C$18.04 and a 1-year high of C$35.75. The company has a current ratio of 1.24, a quick ratio of 0.84 and a debt-to-equity ratio of 128.38. The stock has a 50-day moving average of C$31.57 and a 200-day moving average of C$30.32. The firm has a market cap of C$7.12 billion and a PE ratio of 58.39.

Keyera (TSE:KEY) last announced its quarterly earnings results on Thursday, August 5th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.10). The company had revenue of C$1.03 billion during the quarter. As a group, equities research analysts forecast that Keyera will post 1.9700001 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, October 15th. Investors of record on Wednesday, September 22nd will be paid a $0.16 dividend. The ex-dividend date is Tuesday, September 21st. This represents a $1.92 annualized dividend and a dividend yield of 5.96%. Keyera’s payout ratio is currently 347.83%.

In related news, Director James Vance Bertram sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 24th. The stock was sold at an average price of C$30.00, for a total value of C$1,350,000.00. Following the sale, the director now owns 669,400 shares in the company, valued at approximately C$20,082,000.

Keyera Company Profile

Keyera Corp. engages in the energy infrastructure business in Canada. It operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The company's 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 condensate handling services.

Read More: S&P/ASX 200 Index

Analyst Recommendations for Keyera (TSE:KEY)

Receive News & Ratings for Keyera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keyera and related companies with MarketBeat.com's FREE daily email newsletter.