Keyera Corp. (TSE:KEY) Receives C$73.00 Consensus PT from Analysts

Shares of Keyera Corp. (TSE:KEY) have earned an average rating of “Moderate Buy” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$73.00.

Several research analysts have recently issued reports on the company. TD cut their price target on Keyera from C$70.00 to C$67.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Royal Bank Of Canada lifted their price objective on Keyera from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. BMO Capital Markets reduced their target price on Keyera from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a research note on Friday, September 4th. ATB Cormark Capital Markets increased their price objective on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th. Finally, Barclays lifted their price objective on Keyera from C$56.00 to C$61.00 in a research report on Friday, August 7th.

Insider Activity at Keyera

In other news, Director Taylor Timothy Kitchen acquired 500 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was acquired at an average price of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at approximately C$418,050. This represents a 7.14% increase in their position. 0.39% of the stock is currently owned by company insiders.

Keyera Trading Down 2.4%

TSE KEY opened at C$53.63 on Tuesday. The stock has a market capitalization of C$15.74 billion, a P/E ratio of 35.05, a P/E/G ratio of 1.35 and a beta of 0.46. The firm has a 50-day moving average price of C$58.18 and a 200 day moving average price of C$55.89. Keyera has a 52-week low of C$40.09 and a 52-week high of C$61.41. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65.

Keyera (TSE:KEY) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The firm had revenue of C$2.40 billion for the quarter. Equities research analysts expect that Keyera will post 2.2166667 EPS for the current year.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.25 annualized dividend and a dividend yield of 4.2%. This is an increase from Keyera’s previous quarterly dividend of $0.54. Keyera’s dividend payout ratio is 141.18%.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.