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

Shares of Keyera Corp. (TSE:KEY) have received an average rating of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$51.00.

Several equities analysts recently commented on KEY shares. National Bankshares reduced their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. BMO Capital Markets decreased their price objective on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. CIBC boosted their target price on Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Barclays reduced their price target on Keyera from C$45.00 to C$43.00 in a research report on Thursday, January 8th. Finally, TD Securities lowered their price objective on Keyera from C$54.00 to C$52.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th.

Keyera Trading Up 0.4%

Shares of KEY stock opened at C$46.11 on Monday. The stock has a market capitalization of C$10.57 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.35 and a beta of 0.53. The company’s fifty day simple moving average is C$44.10 and its two-hundred day simple moving average is C$43.98. Keyera has a 1 year low of C$37.80 and a 1 year high of C$47.12. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57.

Keyera (TSE:KEY) last posted its earnings results on Friday, November 14th. The company reported C$0.79 earnings per share for the quarter. The business 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%. As a group, analysts anticipate that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.54 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.16 annualized dividend and a dividend yield of 4.7%. Keyera’s dividend payout ratio (DPR) is presently 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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.