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

Shares of Keyera Corp. (TSE:KEY) have been assigned an average rating of “Buy” from the twelve brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$51.90.

Separately, CIBC increased their price target on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th.

Keyera Stock Up 0.3%

Shares of TSE KEY opened at C$44.96 on Friday. The company has a market capitalization of C$10.31 billion, a P/E ratio of 24.04, a P/E/G ratio of 1.35 and a beta of 0.58. 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 company has a 50 day simple moving average of C$43.49 and a 200-day simple moving average of C$43.75. Keyera has a 1 year low of C$37.80 and a 1 year high of C$47.12.

Keyera (TSE:KEY) last issued its quarterly earnings data on Friday, November 14th. The company reported C$0.79 earnings per share for the quarter. The company had revenue of C$1.79 billion during the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%. On average, equities research analysts predict that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, December 15th. Keyera’s payout ratio is 112.30%.

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.