Keyera Corp. (TSE:KEY – Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as C$33.39 and last traded at C$33.33, with a volume of 68587 shares traded. The stock had previously closed at C$33.03.
Analyst Ratings Changes
A number of research firms have commented on KEY. National Bankshares lowered shares of Keyera from an “outperform” rating to a “sector perform” rating in a report on Friday, August 11th. CSFB decreased their price target on shares of Keyera from C$39.50 to C$39.00 in a report on Wednesday, May 24th. Stifel Nicolaus boosted their price target on shares of Keyera from C$38.00 to C$39.00 in a report on Friday, August 11th. National Bank Financial lowered shares of Keyera from an “outperform market weight” rating to a “sector perform market weight” rating in a report on Friday, August 11th. Finally, Wells Fargo & Company boosted their price target on shares of Keyera from C$32.00 to C$33.00 in a report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$35.32.
Read Our Latest Analysis on KEY
Keyera Stock Up 1.1 %
Keyera (TSE:KEY – Get Free Report) last issued its quarterly earnings data on Thursday, August 10th. The company reported C$0.69 EPS for the quarter, topping the consensus estimate of C$0.46 by C$0.23. Keyera had a net margin of 4.99% and a return on equity of 12.02%. During the same period last year, the firm earned $0.78 earnings per share. As a group, equities analysts anticipate that Keyera Corp. will post 2.1520584 EPS for the current year.
Keyera Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from Keyera’s previous quarterly dividend of $0.48. Keyera’s payout ratio is 136.05%.
About Keyera
Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids in Canada and the United States. It 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.
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