Keyera Corp. (TSE:KEY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Keyera Corp. (TSE:KEY) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$52.45.

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on Keyera from C$43.00 to C$48.00 in a research note on Friday, February 13th. TD Securities lifted their price objective on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 13th. BMO Capital Markets reduced their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. Citigroup raised their price target on Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday. Finally, National Bank Financial cut their price objective on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 20th.

Keyera Trading Up 0.2%

KEY stock opened at C$51.17 on Friday. Keyera has a 52 week low of C$37.80 and a 52 week high of C$52.66. The company has a market capitalization of C$11.73 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The company’s 50-day simple moving average is C$46.16 and its 200 day simple moving average is C$44.84. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31.

Keyera (TSE:KEY) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 earnings per share for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. The business had revenue of C$1.70 billion during the quarter. As a group, sell-side analysts anticipate that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.54 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.16 annualized dividend and a dividend yield of 4.2%. Keyera’s payout ratio is presently 112.17%.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.