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

Keyera Corp. (TSE:KEY) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$42.58.

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Raymond James set a C$47.00 price objective on Keyera and gave the company an “outperform” rating in a report on Friday, October 11th. Citigroup raised their price target on Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. Royal Bank of Canada raised their price target on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, National Bankshares raised their price target on Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th.

Keyera Price Performance

KEY opened at C$45.30 on Wednesday. The stock’s 50-day moving average price is C$44.13 and its 200 day moving average price is C$40.39. Keyera has a 12-month low of C$31.16 and a 12-month high of C$47.90. 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 cap of C$10.38 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend 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.