Keyera Corp (KEY) Given Average Recommendation of “Buy” by Analysts
Keyera Corp (TSE:KEY) has been given a consensus rating of “Buy” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$44.67.
A number of analysts recently weighed in on the company. Raymond James Financial, Inc. dropped their target price on Keyera Corp from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. Scotiabank dropped their target price on Keyera Corp from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Thursday, August 17th. Royal Bank Of Canada dropped their target price on Keyera Corp from C$46.00 to C$45.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. CIBC dropped their target price on Keyera Corp from C$46.00 to C$45.00 in a research report on Tuesday, October 17th. Finally, National Bank Financial dropped their target price on Keyera Corp from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research report on Thursday, August 10th.
In other Keyera Corp news, insider Graham Charles Balzun sold 2,100 shares of Keyera Corp stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of C$35.59, for a total value of C$74,739.00. Also, Director Donald J. Nelson purchased 1,850 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of C$35.69 per share, for a total transaction of C$66,026.50.
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Keyera Corp (KEY) opened at 36.98 on Friday. The firm has a market cap of $6.97 billion and a P/E ratio of 27.43. The firm’s 50-day moving average price is $37.77 and its 200 day moving average price is $39.01. Keyera Corp has a 52 week low of $35.31 and a 52 week high of $42.57.
The business also recently declared a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 22nd were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $1.68 dividend on an annualized basis and a yield of 4.54%.
Keyera Corp Company Profile
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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