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

Keyera Corp. (TSE:KEY) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$60.64.

A number of equities research analysts recently weighed in on KEY shares. Scotiabank upped their price objective on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. National Bank Financial lifted their target price on Keyera from C$61.00 to C$62.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. BMO Capital Markets boosted their target price on shares of Keyera from C$60.00 to C$65.00 in a report on Tuesday, June 16th. Raymond James Financial decreased their price target on shares of Keyera from C$66.00 to C$65.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Finally, ATB Cormark Capital Markets raised their price target on shares of Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a report on Tuesday, June 16th.

Keyera Price Performance

Keyera stock opened at C$56.97 on Thursday. The business has a fifty day moving average of C$55.49 and a two-hundred day moving average of C$51.07. 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 has a market cap of C$16.72 billion, a P/E ratio of 72.11, a P/E/G ratio of 1.35 and a beta of 0.47. Keyera has a twelve month low of C$40.09 and a twelve month high of C$59.99.

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

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, June 15th. Keyera’s payout ratio is 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.