Keyera Corp. (TSE:KEY) Receives C$43.62 Consensus Price Target from Brokerages

Keyera Corp. (TSE:KEY) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$43.62.

Several equities analysts have recently issued reports on KEY shares. Jefferies Financial Group boosted their target price on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada upped their target price on shares of Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays set a C$46.00 target price on shares of Keyera and gave the stock an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets boosted their price target on shares of Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Finally, Scotiabank raised their price objective on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th.

Insider Transactions at Keyera

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Insiders own 0.39% of the company’s stock.

Keyera Stock Up 0.1 %

Shares of Keyera stock opened at C$43.96 on Friday. The business has a fifty day simple moving average of C$44.26 and a 200 day simple moving average of C$41.29. The stock has a market cap of C$10.07 billion, a PE ratio of 29.50, a price-to-earnings-growth 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. Keyera has a 12 month low of C$31.16 and a 12 month high of C$47.90.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.52 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.08 annualized dividend and a yield of 4.73%. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

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.