Keyera Corp. (TSE:KEY) Receives C$51.90 Average Target Price from Analysts

Shares of Keyera Corp. (TSE:KEY) have received a consensus rating of “Buy” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$51.90.

Separately, CIBC upped their price objective on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th.

Keyera Stock Performance

Shares of KEY stock opened at C$42.75 on Friday. The firm has a market cap of C$9.80 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.35 and a beta of 0.58. The company’s 50 day moving average is C$43.36 and its 200 day moving average is C$43.78. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. Keyera has a 52-week low of C$37.80 and a 52-week high of C$47.12.

Keyera (TSE:KEY) last posted its earnings results on Friday, November 14th. The company reported C$0.79 earnings per share for the quarter. The company had revenue of C$1.79 billion during the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%. On average, sell-side analysts anticipate that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Monday, December 15th. Keyera’s dividend payout ratio is presently 112.30%.

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.