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

Shares of Keyera Corp. (TSE:KEY) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$39.91.

Several brokerages have recently weighed in on KEY. Atb Cap Markets raised shares of Keyera from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 15th. Wells Fargo & Company lifted their price target on Keyera from C$34.00 to C$35.00 in a research note on Friday, May 31st. Jefferies Financial Group upped their price objective on Keyera from C$39.00 to C$43.00 and gave the stock a “buy” rating in a report on Monday, July 29th. National Bankshares raised 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. Finally, Stifel Nicolaus boosted their price target on Keyera from C$39.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th.

Insiders Place Their Bets

In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total transaction of C$74,953.79. 0.39% of the stock is owned by corporate insiders.

Keyera Price Performance

Shares of TSE:KEY opened at C$40.37 on Monday. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. Keyera has a one year low of C$30.08 and a one year high of C$40.52. The company has a 50-day simple moving average of C$38.65 and a 200-day simple moving average of C$36.34. The stock has a market capitalization of C$9.25 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.35 and a beta of 2.09.

Keyera (TSE:KEY) last announced its earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.54 by C$0.08. The company had revenue of C$1.72 billion for the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. On average, analysts predict that Keyera will post 2.198892 EPS for the current year.

Keyera Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, September 13th. This is a boost from Keyera’s previous quarterly dividend of $0.50. Keyera’s dividend payout ratio (DPR) is currently 139.60%.

Keyera Company Profile

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.