Keyera Corp. (TSE:KEY) Receives Consensus Recommendation of “Buy” from Analysts

Keyera Corp. (TSE:KEY) has earned an average rating of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$51.27.

Several equities research analysts have issued reports on KEY shares. National Bankshares set a C$45.00 price objective on shares of Keyera and gave the company a “sector perform” rating in a research report on Friday, June 20th. BMO Capital Markets upgraded Keyera from a “hold” rating to a “strong-buy” rating and boosted their price target for the company from C$45.50 to C$54.00 in a report on Wednesday, June 18th. Citigroup raised their price objective on Keyera from C$50.00 to C$51.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Royal Bank Of Canada lifted their target price on Keyera from C$46.00 to C$53.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Finally, TD Securities raised Keyera from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from C$47.00 to C$51.00 in a research report on Friday, June 20th.

Keyera Price Performance

KEY stock opened at C$43.23 on Thursday. The stock has a market cap of C$9.96 billion, a PE ratio of 22.28, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a 12 month low of C$35.35 and a 12 month high of C$47.90. The company has a 50-day moving average price of C$42.92 and a 200 day moving average price of C$42.64. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.81%. Keyera’s dividend payout ratio (DPR) is presently 107.20%.

About Keyera

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.