Keyera Corp. (TSE:KEY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Keyera Corp. (TSE:KEY) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$58.29.

Several equities research analysts have recently weighed in on the company. TD Securities increased 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. Raymond James Financial increased their price objective on Keyera from C$65.00 to C$67.00 and gave the company an “outperform” rating in a report on Friday, May 15th. National Bank Financial increased their price objective on Keyera from C$50.00 to C$56.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Jefferies Financial Group set a C$65.00 price objective on Keyera and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, ATB Cormark Capital Markets increased their price objective on Keyera from C$54.00 to C$55.00 and gave the company a “sector perform” rating in a report on Thursday, May 21st.

Keyera Stock Performance

Shares of Keyera stock opened at C$57.53 on Friday. The firm has a market capitalization of C$13.19 billion, a P/E ratio of 72.82, a P/E/G ratio of 1.35 and a beta of 0.47. Keyera has a 52 week low of C$40.09 and a 52 week high of C$59.14. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. The firm’s 50 day moving average is C$53.57 and its two-hundred day moving average is C$49.38.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The firm had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. Research analysts forecast that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.16 annualized dividend and a dividend yield of 3.8%. Keyera’s dividend payout ratio (DPR) is currently 270.89%.

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.