Keyera Corp. (TSE:KEY) Receives C$42.58 Consensus Target Price from Brokerages

Keyera Corp. (TSE:KEY) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$42.58.

Several research firms have recently commented on KEY. Jefferies Financial Group upped their price target on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Raymond James set a C$47.00 price objective on Keyera and gave the company an “outperform” rating in a research note on Friday, October 11th. Citigroup boosted their price objective on Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. ATB Capital upped their price target on Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets upped their price target on Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th.

Keyera Price Performance

TSE KEY opened at C$45.30 on Wednesday. Keyera has a 52 week low of C$31.16 and a 52 week high of C$47.90. The firm has a market capitalization of C$10.38 billion, a P/E ratio of 30.40, a PEG ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The company has a 50-day moving average price of C$44.19 and a 200-day moving average price of C$40.48.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.59%. The ex-dividend date is Friday, December 13th. Keyera’s dividend payout ratio is currently 139.60%.

Keyera Company Profile

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.