Keyera Corp. (TSE:KEY) Given Consensus Rating of “Moderate Buy” by Analysts

Keyera Corp. (TSE:KEY) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$62.69.

KEY has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. National Bank Financial upped their target price on Keyera from C$61.00 to C$62.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. TD set a C$68.00 target price on Keyera and gave the company a “buy” rating in a research note on Tuesday, June 9th. Scotiabank increased their target price on Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 21st. Finally, Barclays raised their price target on shares of Keyera from C$56.00 to C$61.00 in a research report on Friday, August 7th.

Keyera Stock Performance

TSE:KEY opened at C$59.06 on Friday. The firm has a 50-day moving average of C$58.41 and a two-hundred day moving average of C$55.11. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The stock has a market cap of C$17.33 billion, a P/E ratio of 38.60, a PEG ratio of 1.35 and a beta of 0.48. Keyera has a 1-year low of C$40.09 and a 1-year high of C$61.41.

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

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 15th. Keyera’s dividend payout ratio (DPR) is currently 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.