Keyera Corp. (TSE:KEY) Given Consensus Rating of “Moderate Buy” by Brokerages

Keyera Corp. (TSE:KEY) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$36.72.

KEY has been the topic of several research analyst reports. Citigroup boosted their price target on shares of Keyera from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. TD Securities boosted their price target on shares of Keyera from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. BMO Capital Markets upped their target price on shares of Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. Jefferies Financial Group set a C$38.00 target price on shares of Keyera and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, National Bankshares upped their target price on shares of Keyera from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th.

Keyera Stock Up 0.7 %

Shares of KEY stock opened at C$35.23 on Tuesday. The stock has a market cap of C$8.07 billion, a P/E ratio of 19.04, a PEG ratio of 1.33 and a beta of 2.12. Keyera has a 52 week low of C$29.31 and a 52 week high of C$35.72. The company has a quick ratio of 0.57, a current ratio of 1.34 and a debt-to-equity ratio of 154.22. The company’s fifty day simple moving average is C$34.17 and its two-hundred day simple moving average is C$33.03.

Keyera (TSE:KEY) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, topping the consensus estimate of C$0.56 by C$0.37. The business had revenue of C$2.30 billion for the quarter, compared to analysts’ expectations of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%. Analysts predict that Keyera will post 1.9117965 EPS for the current fiscal year.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.00 annualized dividend and a yield of 5.68%. Keyera’s payout ratio is 108.11%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment 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; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.