Keyera Corp (KEY) Insider Sells C$74,739.00 in Stock
Keyera Corp (TSE:KEY) insider Graham Charles Balzun sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of C$35.59, for a total value of C$74,739.00.
Keyera Corp (KEY) traded up 0.28% during midday trading on Friday, hitting $35.69. The stock had a trading volume of 316,911 shares. The company has a market cap of $6.73 billion and a price-to-earnings ratio of 26.48. Keyera Corp has a 12-month low of $35.31 and a 12-month high of $43.21. The company has a 50-day moving average price of $37.36 and a 200-day moving average price of $39.21.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be issued a $0.14 dividend. The ex-dividend date is Friday, August 18th. This represents a $1.68 annualized dividend and a dividend yield of 4.72%.
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A number of brokerages recently issued reports on KEY. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Keyera Corp in a report on Thursday, June 1st. National Bank Financial decreased their price objective on Keyera Corp from C$50.00 to C$49.00 and set an “outperform” rating for the company in a report on Thursday, August 10th. CIBC decreased their price objective on Keyera Corp from C$49.00 to C$46.00 in a report on Thursday, August 10th. Scotiabank decreased their price objective on Keyera Corp from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Friday, August 11th. Finally, TD Securities decreased their price objective on Keyera Corp from C$46.00 to C$44.00 and set a “buy” rating for the company in a report on Friday, August 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$44.86.
About Keyera Corp
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products and separate the economic components, primarily natural gas liquids (NGLs).
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