Keyera Corp. (KEY.TO) – What Are Brokerages Thinking About This Stock?

Keyera Corp. (TSE:KEY) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$73.00.

Several research firms have recently issued reports on KEY. Royal Bank Of Canada raised their target price on shares of Keyera from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Citigroup upped their price target on shares of Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a report on Friday, September 4th. National Bank Financial increased their price objective on shares of Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. TD reduced their price objective on shares of Keyera from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Finally, Stifel Nicolaus raised their price objective on shares of Keyera from C$85.00 to C$90.00 and gave the stock a “hold” rating in a research note on Friday, September 4th.

Insider Buying and Selling

In other Keyera news, Director Taylor Timothy Kitchen bought 500 shares of Keyera stock in a transaction on Friday, September 4th. The shares were acquired at an average price of C$55.74 per share, for a total transaction of C$27,870.00. Following the completion of the purchase, the director directly owned 7,500 shares in the company, valued at approximately C$418,050. This trade represents a 7.14% increase in their position. 0.39% of the stock is owned by company insiders.

Keyera Trading Up 3.3%

TSE KEY traded up C$1.78 during trading hours on Friday, hitting C$55.78. 1,101,904 shares of the company were exchanged, compared to its average volume of 1,462,463. The stock has a 50-day moving average price of C$55.87 and a 200 day moving average price of C$55.84. 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 has a 52 week low of C$40.09 and a 52 week high of C$61.41. The stock has a market cap of C$16.37 billion, a PE ratio of 36.46, a price-to-earnings-growth ratio of 1.35 and a beta of 0.59.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The business had revenue of C$2.40 billion during the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. Analysts forecast that Keyera will post 2.22 earnings per share for the current fiscal year.

Keyera Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Tuesday, September 15th. This is an increase from Keyera’s previous quarterly dividend of $0.54. Keyera’s dividend payout ratio (DPR) is presently 141.18%.

About Keyera

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.