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

Keyera Corp. (TSE:KEY) has received a consensus recommendation of “Buy” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$51.36.

Several research analysts recently commented on KEY shares. Wells Fargo & Company lifted their target price on shares of Keyera from C$46.00 to C$47.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 13th. CIBC increased their price target on shares of Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Tudor Pickering upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 25th.

Keyera Price Performance

KEY opened at C$43.96 on Wednesday. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The stock’s 50 day simple moving average is C$43.92 and its 200 day simple moving average is C$43.55. The firm has a market cap of C$10.07 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.35 and a beta of 0.60. Keyera has a 1 year low of C$37.80 and a 1 year high of C$47.90.

Keyera Increases Dividend

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