Keyera (TSE:KEY) Hits New 12-Month High – Still a Buy?

Shares of Keyera Corp. (TSE:KEY) hit a new 52-week high during trading on Monday . The stock traded as high as C$53.97 and last traded at C$53.26, with a volume of 146229 shares changing hands. The stock had previously closed at C$52.06.

Analyst Ratings Changes

KEY has been the topic of several recent analyst reports. National Bank Financial lowered their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. Citigroup increased their price target on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. BMO Capital Markets reduced their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Barclays raised their target price on shares of Keyera from C$43.00 to C$48.00 in a research report on Friday, February 13th. Finally, TD Securities raised their price objective on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$52.45.

Keyera Stock Performance

The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The stock has a market capitalization of C$12.20 billion, a P/E ratio of 28.14, a P/E/G ratio of 1.35 and a beta of 0.58. The stock has a 50 day moving average of C$46.34 and a 200 day moving average of C$44.92.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The business had revenue of C$1.70 billion during the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. Equities analysts predict that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, December 15th. Keyera’s payout ratio is 112.17%.

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.