Keyera (TSE:KEY) Downgraded by Atb Cap Markets

Posted by on Apr 23rd, 2023

Atb Cap Markets cut shares of Keyera (TSE:KEY – Get Rating) from an outperform rating to a sector perform rating in a research note released on Thursday morning, PriceTargets.com reports.

KEY has been the subject of a number of other reports. BMO Capital Markets dropped their price objective on shares of Keyera from C$34.00 to C$33.50 in a research note on Wednesday, January 25th. National Bankshares dropped their price target on shares of Keyera from C$35.00 to C$34.00 and set an outperform rating for the company in a research note on Thursday, February 16th. CSFB boosted their price target on shares of Keyera from C$36.00 to C$39.50 in a report on Wednesday, February 8th. Barclays set a C$34.00 price target on shares of Keyera and gave the company an equal weight rating in a report on Wednesday, January 18th. Finally, Scotiabank boosted their price objective on shares of Keyera from C$34.00 to C$37.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Keyera has an average rating of Moderate Buy and an average target price of C$35.31.

Keyera Stock Up 0.1 %

Shares of KEY stock opened at C$31.63 on Thursday. The company has a market capitalization of C$7.25 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 0.92 and a beta of 2.17. Keyera has a one year low of C$27.18 and a one year high of C$35.48. The company’s fifty day moving average price is C$30.29 and its 200-day moving average price is C$29.82. The company has a debt-to-equity ratio of 138.50, a current ratio of 1.11 and a quick ratio of 0.57.

Keyera (TSE:KEY – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The company reported C$0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.27. The company had revenue of C$1.78 billion for the quarter. Keyera had a net margin of 4.65% and a return on equity of 11.99%. Sell-side analysts expect that Keyera will post 1.9092559 EPS for the current fiscal year.

Keyera Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 31st were given a $0.16 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date was Tuesday, March 21st. Keyera’s dividend payout ratio (DPR) is 129.73%.

About Keyera

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

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Analyst Recommendations for Keyera (TSE:KEY)

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