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

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

Several equities analysts have weighed in on KEY shares. BMO Capital Markets dropped their price target on 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. Barclays lifted their price objective on Keyera from C$43.00 to C$48.00 in a research report on Friday, February 13th. TD Securities boosted their target price on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, February 13th. National Bank Financial reduced their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Finally, Citigroup lifted their price target on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, February 23rd.

Keyera Stock Performance

TSE:KEY opened at C$53.02 on Friday. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74. The company has a market capitalization of C$12.16 billion, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 1.35 and a beta of 0.70. The firm has a 50-day moving average price of C$47.04 and a two-hundred day moving average price of C$45.15. Keyera has a twelve month low of C$37.80 and a twelve month high of C$53.97.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 EPS 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, research analysts expect that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, December 15th. Keyera’s payout ratio is presently 112.17%.

About Keyera

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.