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

Shares of Keyera Corp. (TSE:KEY) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$52.45.

A number of research firms recently issued reports on KEY. BMO Capital Markets cut their price objective on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. TD Securities raised their price objective on shares of Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Citigroup boosted their target price on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday. Barclays increased their price target on shares of Keyera from C$43.00 to C$48.00 in a report on Friday, February 13th. Finally, National Bank Financial cut their price objective on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 20th.

Keyera Stock Performance

Shares of KEY opened at C$51.17 on Friday. Keyera has a 12-month low of C$37.80 and a 12-month high of C$52.66. The stock has a market capitalization of C$11.73 billion, a P/E ratio of 27.07, a P/E/G ratio of 1.35 and a beta of 0.58. The firm’s 50 day moving average is C$46.16 and its 200-day moving average is C$44.84. 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 quarterly earnings data on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. The firm had revenue of C$1.70 billion during the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. Equities research analysts anticipate that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, December 15th. Keyera’s payout ratio is 112.17%.

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.