Keyera Corp (TSE:KEY) Given Consensus Recommendation of “Buy” by Analysts
Shares of Keyera Corp (TSE:KEY) have been assigned an average recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$45.92.
Several equities research analysts have recently issued reports on the stock. AltaCorp Capital lowered shares of Keyera Corp from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, May 9th. Scotiabank reissued a “sector perform” rating and issued a C$42.00 price objective on shares of Keyera Corp in a research report on Tuesday, May 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Keyera Corp in a research report on Thursday, June 1st. Finally, CIBC increased their price objective on shares of Keyera Corp from C$48.00 to C$49.00 in a research report on Wednesday, May 10th.
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In other news, insider Bradley Wayne Lock sold 7,500 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of C$41.10, for a total value of C$308,250.00. Also, insider Michael Andrew Freeman sold 7,300 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of C$41.49, for a total transaction of C$302,877.00.
Keyera Corp (TSE KEY) opened at 38.36 on Tuesday. The stock has a market cap of $7.18 billion and a PE ratio of 28.91. The firm has a 50-day moving average of $40.31 and a 200 day moving average of $39.66. Keyera Corp has a 12 month low of $36.92 and a 12 month high of $43.21.
The company also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 24th will be paid a $0.14 dividend. The ex-dividend date is Thursday, July 20th. This is an increase from Keyera Corp’s previous monthly dividend of $0.09. This represents a $1.68 annualized dividend and a dividend yield of 4.38%.
About Keyera Corp
Keyera Corp. operates as an energy midstream company in Canada and the United States. The company operates through Gathering and Processing, and Liquids business units. It owns and operates 15 raw gas gathering pipelines and processing plants with approximately 5,000 kilometers to collect and process raw natural gas, remove waste products, and separate the economic components.
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