Keyera Corp. (TSE:KEY) Receives C$44.08 Average PT from Analysts

Shares of Keyera Corp. (TSE:KEY) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, MarketBeat reports. Five investment 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$44.08.

A number of brokerages have recently issued reports on KEY. Scotiabank raised their target price on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. BMO Capital Markets lifted their price objective on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. Royal Bank of Canada increased their target price on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Jefferies Financial Group boosted their price target on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Citigroup increased their price objective on Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th.

Insiders Place Their Bets

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

Keyera Trading Down 0.8 %

TSE:KEY opened at C$42.33 on Thursday. The company has a market capitalization of C$9.70 billion, a PE ratio of 28.41, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a 52-week low of C$31.16 and a 52-week high of C$47.90. The stock’s 50 day moving average price is C$44.25 and its 200 day moving average price is C$42.15. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend was Friday, December 13th. Keyera’s dividend payout ratio is presently 139.60%.

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.