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

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$52.45.

A number of research analysts have recently commented on KEY shares. BMO Capital Markets reduced their price target on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. TD Securities increased their price objective on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Barclays lifted their price objective on Keyera from C$43.00 to C$48.00 in a research note on Friday, February 13th. National Bank Financial decreased their target price on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 20th. Finally, Citigroup raised their price target on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, February 23rd.

Keyera Price Performance

Shares of TSE:KEY opened at C$54.34 on Tuesday. The company has a 50 day moving average of C$50.29 and a 200 day moving average of C$46.16. The stock has a market cap of C$12.46 billion, a P/E ratio of 28.75, a P/E/G ratio of 1.35 and a beta of 0.70. Keyera has a 12 month low of C$37.80 and a 12 month high of C$54.82. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74.

Keyera (TSE:KEY) last posted its earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The business had revenue of C$1.70 billion for the quarter. As a group, sell-side analysts forecast that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, March 16th. Keyera’s dividend payout ratio is 112.17%.

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.