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

Keyera Corp. (TSE:KEY) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$52.45.

A number of research firms have recently weighed in on KEY. 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. Citigroup raised their target price on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. BMO Capital Markets lowered their target price on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Barclays boosted their price target on Keyera from C$43.00 to C$48.00 in a report on Friday, February 13th. Finally, TD Securities raised their price objective on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 13th.

Keyera Trading Down 0.8%

Keyera stock opened at C$53.33 on Tuesday. The stock has a 50-day moving average price of C$49.49 and a 200 day moving average price of C$45.90. Keyera has a 52 week low of C$37.80 and a 52 week high of C$54.60. The stock has a market cap of C$12.23 billion, a PE ratio of 28.22, a P/E/G ratio of 1.35 and a beta of 0.70. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74.

Keyera (TSE:KEY) last released its earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The company had revenue of C$1.70 billion for the quarter. Equities research analysts predict that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 16th. This represents a $2.16 annualized dividend and a yield of 4.1%. Keyera’s dividend payout ratio is 112.17%.

About Keyera

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.