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

Keyera Corp. (TSE:KEY) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$38.17.

A number of equities analysts have weighed in on KEY shares. CIBC upped their price objective on shares of Keyera from C$36.00 to C$37.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Royal Bank of Canada raised their price target on shares of Keyera from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. National Bankshares increased their target price on Keyera from C$34.00 to C$35.00 in a report on Wednesday, May 15th. Jefferies Financial Group lifted their price target on Keyera from C$38.00 to C$39.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, TD Securities increased their price objective on Keyera from C$38.00 to C$39.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th.

Keyera Stock Performance

KEY opened at C$36.00 on Friday. The firm has a fifty day moving average price of C$35.07 and a 200 day moving average price of C$33.50. Keyera has a 1 year low of C$29.31 and a 1 year high of C$36.97. The stock has a market cap of C$8.25 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.33 and a beta of 2.11. The company has a debt-to-equity ratio of 154.22, a current ratio of 1.34 and a quick ratio of 0.57.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Thursday, June 13th. Keyera’s dividend payout ratio is currently 108.11%.

About Keyera

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.