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

Shares of Keyera Corp. (TSE:KEY) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$43.62.

Several equities research analysts recently weighed in on the company. National Bankshares lifted their price target on Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th. Barclays set a C$46.00 price target on shares of Keyera and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. ATB Capital boosted their price objective on shares of Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. BMO Capital Markets raised their target price on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. Finally, Scotiabank boosted their price target on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th.

Insider Activity

In related news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction that occurred 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 0.9 %

Shares of TSE:KEY opened at C$44.37 on Friday. The stock’s 50-day moving average is C$44.28 and its 200 day moving average is C$41.43. The company has a market cap of C$10.17 billion, a PE ratio of 29.78, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. Keyera has a 1 year low of C$31.16 and a 1 year high of C$47.90.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, December 13th. Keyera’s dividend payout ratio (DPR) is 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.