Keyera Corp. (TSE:KEY) Receives C$39.91 Average Price Target from Brokerages

Shares of Keyera Corp. (TSE:KEY) have received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$39.91.

A number of research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Keyera from C$38.00 to C$40.00 in a research note on Friday, August 9th. Atb Cap Markets raised Keyera from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 15th. Wells Fargo & Company raised their target price on Keyera from C$34.00 to C$35.00 in a report on Friday, May 31st. Citigroup raised their target price on Keyera from C$37.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, Scotiabank lifted their price objective on Keyera from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a report on Monday, July 15th.

Keyera Stock Up 0.6 %

Shares of KEY stock opened at C$40.37 on Monday. The stock’s 50 day simple moving average is C$38.65 and its 200 day simple moving average is C$36.28. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. Keyera has a twelve month low of C$30.08 and a twelve month high of C$40.52. The company has a market capitalization of C$9.25 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be given a $0.52 dividend. This is an increase from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, September 13th. This represents a $2.08 annualized dividend and a yield of 5.15%. Keyera’s payout ratio is presently 139.60%.

Insider Buying and Selling at Keyera

In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of Keyera stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total value of C$74,953.79. Corporate insiders own 0.39% of the company’s stock.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.