Keyera Corp. (TSE:KEY) Given Average Recommendation of “Moderate Buy” by Brokerages

Keyera Corp. (TSE:KEY) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$44.69.

Several research analysts have commented on the company. Cibc World Mkts raised Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. TD Securities set a C$45.00 price objective on shares of Keyera and gave the company a “hold” rating in a research note on Wednesday, January 15th. Finally, CIBC cut their target price on shares of Keyera from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th.

Keyera Price Performance

Keyera stock opened at C$43.26 on Friday. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a 52 week low of C$34.38 and a 52 week high of C$47.90. The stock has a market capitalization of C$9.96 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The stock has a fifty day moving average of C$42.40 and a 200-day moving average of C$43.13.

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Monday, March 17th. Keyera’s dividend payout ratio is currently 107.20%.

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.