Keyera Corp. (TSE:KEY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Keyera Corp. (TSE:KEY) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$36.72.

KEY has been the topic of a number of recent research reports. TD Securities raised their price objective on shares of Keyera from C$37.00 to C$38.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. National Bankshares raised their price target on shares of Keyera from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. Jefferies Financial Group set a C$38.00 price target on shares of Keyera and gave the company a “buy” rating in a research report on Tuesday, February 27th. CIBC raised their price target on shares of Keyera from C$35.00 to C$36.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets raised their price target on shares of Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th.

Keyera Trading Up 0.7 %

TSE:KEY opened at C$35.23 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 154.22. The stock has a market capitalization of C$8.07 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.33 and a beta of 2.12. The firm has a fifty day simple moving average of C$34.17 and a two-hundred day simple moving average of C$33.03. Keyera has a 12 month low of C$29.31 and a 12 month high of C$35.72.

Keyera (TSE:KEY) last released its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.37. Keyera had a net margin of 6.01% and a return on equity of 15.15%. The firm had revenue of C$2.30 billion for the quarter, compared to analyst estimates of C$1.59 billion. Analysts expect that Keyera will post 1.9117965 EPS for the current fiscal year.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were paid a $0.50 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 5.68%. Keyera’s dividend payout ratio is presently 108.11%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. 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.