Keyera Corp. (TSE:KEY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Keyera Corp. (TSE:KEY) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com 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 twelve-month target price among analysts that have covered the stock in the last year is C$43.62.

KEY has been the subject of several recent analyst reports. ATB Capital lifted their price target on Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. BMO Capital Markets boosted their price objective on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Royal Bank of Canada upped their target price on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. National Bankshares lifted their price target on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Finally, Jefferies Financial Group upped their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 30th.

Keyera Stock Down 0.5 %

KEY opened at C$43.30 on Friday. The company has a fifty day moving average of C$44.26 and a two-hundred day moving average of C$41.27. The stock has a market capitalization of C$9.92 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$47.90. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30.

Keyera Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.08 dividend on an annualized basis and a yield of 4.80%. Keyera’s payout ratio is presently 139.60%.

Insider Activity at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of Keyera 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. 0.39% of the stock is owned by corporate insiders.

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.