Keyera Corp Given Average Rating of “Hold” by Analysts (TSE:KEY)
Shares of Keyera Corp (TSE:KEY) have received an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Analyst RN reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$79.11.
Shares of Keyera Corp (TSE:KEY) traded down 0.08% during mid-day trading on Friday, hitting $88.13. 60,192 shares of the company’s stock traded hands. Keyera Corp has a 1-year low of $54.72 and a 1-year high of $88.52. The stock’s 50-day moving average is $79.61 and its 200-day moving average is $72.55. The company has a market cap of $7.110 billion and a P/E ratio of 38.85.
Keyera Corp (TSE:KEY) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.22. On average, analysts predict that Keyera Corp will post $2.71 earnings per share for the current fiscal year.
The company also recently announced a Monthly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.215 per share. This represents a dividend yield of 3.32%. The ex-dividend date is Friday, July 18th.
A number of analysts have recently weighed in on KEY shares. Analysts at National Bank Financial raised their price target on shares of Keyera Corp from C$80.00 to C$88.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Keyera Corp from C$85.00 to C$95.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Scotiabank upgraded shares of Keyera Corp from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 11th. They now have a C$85.00 price target on the stock, up previously from C$78.00.
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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