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

Shares of Keyera Corp. (TSE:KEY) have earned a consensus rating of “Buy” from the fourteen brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$50.92.

Several equities research analysts have commented on KEY shares. Raymond James Financial upped their price target on shares of Keyera from C$51.00 to C$59.00 and gave the company an “outperform” rating in a report on Monday, June 23rd. Royal Bank Of Canada upped their target price on Keyera from C$46.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Friday, June 20th. Scotiabank lifted their price target on Keyera from C$51.00 to C$54.00 and gave the company an “outperform” rating in a research report on Monday, June 23rd. BMO Capital Markets upgraded Keyera from a “hold” rating to a “strong-buy” rating and upped their price objective for the stock from C$45.50 to C$54.00 in a research report on Wednesday, June 18th. Finally, CIBC lifted their target price on shares of Keyera from C$47.00 to C$56.00 and gave the company an “outperform” rating in a report on Monday, June 23rd.

Keyera Stock Performance

Shares of TSE KEY opened at C$44.19 on Friday. The company has a 50 day simple moving average of C$43.69 and a two-hundred day simple moving average of C$42.95. The stock has a market cap of C$10.13 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.35 and a beta of 0.69. 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 has a 12 month low of C$37.80 and a 12 month high of C$47.90.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be given a dividend of $0.54 per share. This is a boost from Keyera’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, September 15th. Keyera’s dividend payout ratio (DPR) is 90.04%.

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.