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

Keyera Corp. (TSE:KEY) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$44.69.

KEY has been the topic of several research analyst reports. TD Securities set a C$45.00 target price on Keyera and gave the company a “hold” rating in a research report on Wednesday, January 15th. CIBC cut their price target on Keyera from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Finally, Cibc World Mkts upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Keyera Stock Performance

Shares of KEY opened at C$43.26 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The firm’s fifty day simple moving average is C$42.40 and its two-hundred day simple moving average is C$43.13. Keyera has a 12 month low of C$34.38 and a 12 month high of C$47.90. The stock has a market capitalization of C$9.96 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a $0.52 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.81%. Keyera’s dividend payout ratio is presently 107.20%.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil.