Keyera Corp. (TSE:KEY) Receives C$44.08 Consensus Target Price from Brokerages

Keyera Corp. (TSE:KEY) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$44.08.

Several equities analysts have recently weighed in on KEY shares. ATB Capital increased their price objective on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Scotiabank increased their price target on shares of Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. National Bankshares boosted their price target on Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Raymond James increased their price objective on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Citigroup boosted their target price on shares of Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th.

Keyera Stock Up 0.7 %

KEY stock opened at C$41.51 on Thursday. Keyera has a 1-year low of C$31.16 and a 1-year high of C$47.90. The business’s 50 day simple moving average is C$44.01 and its 200 day simple moving average is C$42.20. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The firm has a market capitalization of C$9.51 billion, a PE ratio of 27.86, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 5.01%. Keyera’s payout ratio is 139.60%.

Insider Buying and Selling

In related news, Director James Vance Bertram sold 50,000 shares of Keyera stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is owned by corporate insiders.

About Keyera

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.