Keyera (TSE:KEY) Reaches New 1-Year High – Should You Buy?

Keyera Corp. (TSE:KEY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$59.14 and last traded at C$59.09, with a volume of 1768606 shares trading hands. The stock had previously closed at C$57.38.

Analyst Upgrades and Downgrades

KEY has been the subject of several analyst reports. TD Securities raised their target price on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Raymond James Financial raised their price objective on shares of Keyera from C$65.00 to C$67.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Scotia boosted their price objective on shares of Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. Royal Bank Of Canada upped their target price on shares of Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Jefferies Financial Group set a C$65.00 price target on shares of Keyera and gave the company a “buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$58.29.

Keyera Price Performance

The firm has a market capitalization of C$13.55 billion, a PE ratio of 74.82, a P/E/G ratio of 1.35 and a beta of 0.47. The company has a debt-to-equity ratio of 249.10, a current ratio of 1.60 and a quick ratio of 0.57. The business’s 50 day moving average is C$53.90 and its two-hundred day moving average is C$49.83.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. The company had revenue of C$1.30 billion during the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. As a group, research analysts anticipate that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Keyera’s dividend payout ratio is currently 270.89%.

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.