Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$44.08

Shares of Keyera Corp. (TSE:KEY) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$44.08.

Several research analysts have recently weighed in on the company. Raymond James upped their price objective on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada increased their price target on Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Scotiabank increased their price target on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Barclays set a C$46.00 price target on Keyera and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets increased their price target on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th.

Insider Transactions at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is owned by corporate insiders.

Keyera Stock Down 1.4 %

KEY stock opened at C$41.72 on Thursday. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The stock has a market capitalization of C$9.56 billion, a P/E ratio of 28.00, a P/E/G ratio of 1.35 and a beta of 2.09. The business has a 50-day moving average of C$44.18 and a 200-day moving average of C$42.15. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$47.90.

Keyera Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.52 per share. The ex-dividend date was Friday, December 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.99%. Keyera’s dividend payout ratio (DPR) is currently 139.60%.

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.