Analysts Set Keyera Corp. (TSE:KEY) Target Price at C$44.77

Keyera Corp. (TSE:KEY) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$44.77.

KEY has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Royal Bank of Canada lifted their target price on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays set a C$46.00 target price on shares of Keyera and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Scotiabank raised their price target 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. Finally, TD Securities set a C$45.00 price target on shares of Keyera and gave the stock a “hold” rating in a research report on Wednesday, January 15th.

Keyera Stock Performance

Shares of KEY opened at C$42.76 on Friday. The company has a market capitalization of C$9.85 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a one year low of C$33.37 and a one year high of C$47.90. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The company’s fifty day moving average price is C$42.20 and its 200 day moving average price is C$42.91.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a dividend of $0.52 per share. The ex-dividend date is Monday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.86%. Keyera’s dividend payout ratio (DPR) is currently 107.20%.

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.