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

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$60.93.

Several research analysts recently issued reports on the stock. TD set a C$68.00 target price on shares of Keyera and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Jefferies Financial Group set a C$65.00 price target on shares of Keyera and gave the company a “buy” rating in a research note on Tuesday, May 19th. Barclays upped their price objective on shares of Keyera from C$53.00 to C$56.00 in a report on Wednesday, July 15th. National Bank Financial raised 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. Finally, ATB Cormark Capital Markets raised their target price on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th.

Keyera Price Performance

Keyera stock opened at C$60.71 on Monday. The stock has a market capitalization of C$17.81 billion, a price-to-earnings ratio of 76.85, a PEG ratio of 1.35 and a beta of 0.49. Keyera has a 52-week low of C$40.09 and a 52-week high of C$61.22. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. The stock’s 50 day moving average price is C$57.88 and its two-hundred day moving average price is C$52.83.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The company 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%. On average, equities analysts predict that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.54 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.16 annualized dividend and a yield of 3.6%. Keyera’s dividend payout ratio is presently 270.89%.

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.