Keyera Corp Receives Average Rating of “Hold” from Analysts (TSE:KEY)
Shares of Keyera Corp (TSE:KEY) have earned an average rating of “Hold” from the ten brokerages that are covering the company, Analyst Ratings.Net reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$77.11.
Keyera Corp (TSE:KEY) opened at 78.63 on Thursday. Keyera Corp has a 1-year low of $53.36 and a 1-year high of $79.44. The stock’s 50-day moving average is $74. and its 200-day moving average is $68.01. The company has a price-to-earnings ratio of 34.79.
Keyera Corp (TSE:KEY) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.02. On average, analysts predict that Keyera Corp will post $2.67 earnings per share for the current fiscal year.
The company also recently announced a Monthly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.215 per share. This represents a dividend yield of 3.27%. The ex-dividend date is Thursday, June 19th.
KEY has been the subject of a number of recent research reports. Analysts at Scotiabank upgraded shares of Keyera Corp from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday. They now have a C$85.00 price target on the stock, up previously from C$78.00. Separately, analysts at CIBC raised their price target on shares of Keyera Corp from C$75.00 to C$76.00 in a research note on Friday, May 30th. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial reiterated an “outperform” rating on shares of Keyera Corp in a research note on Thursday, May 29th. They now have a C$80.00 price target on the stock.
Keyera Corp. operates natural gas midstream businesses in Canada. It operates in the oil and gas sector between the upstream sector, which includes oil and gas exploration and production businesses, and the downstream sector, which includes the refining, distribution and retail marketing of finished products.
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