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

Shares of Keyera Corp. (TSE:KEYGet Free Report) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$40.55.

KEY has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on Keyera from C$39.00 to C$43.00 and gave the company a “buy” rating in a research note on Monday, July 29th. BMO Capital Markets raised their price target on shares of Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. National Bankshares upped their price objective on shares of Keyera from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. CIBC raised their target price on shares of Keyera from C$37.00 to C$39.00 in a research note on Monday, July 15th. Finally, Citigroup upped their price target on Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a research report on Monday.

View Our Latest Research Report on Keyera

Insider Transactions at Keyera

In related news, Senior Officer Eileen Marikar sold 1,888 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total value of C$74,953.79. Company insiders own 0.39% of the company’s stock.

Keyera Stock Down 0.2 %

KEY opened at C$42.16 on Friday. The company has a market cap of C$9.66 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a twelve month low of C$30.08 and a twelve month high of C$42.44. The company has a 50-day moving average price of C$39.90 and a 200 day moving average price of C$37.27. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51.

Keyera (TSE:KEYGet Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.62 EPS for the quarter, topping the consensus estimate of C$0.54 by C$0.08. The company had revenue of C$1.72 billion during the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. Sell-side analysts expect that Keyera will post 2.1985409 earnings per share for the current fiscal year.

Keyera Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.08 dividend on an annualized basis and a yield of 4.93%. This is an increase from Keyera’s previous quarterly dividend of $0.50. Keyera’s payout ratio is currently 139.60%.

Keyera Company Profile

(Get Free Report

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.

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Analyst Recommendations for Keyera (TSE:KEY)

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