Keyera Corp. (TSE:KEY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Keyera Corp. (TSE:KEY) have received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$42.58.

A number of analysts recently issued reports on the company. National Bankshares increased their price objective on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Citigroup increased their price objective on Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Raymond James set a C$47.00 price objective on Keyera and gave the stock an “outperform” rating in a report on Friday, October 11th. Royal Bank of Canada raised their price target on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Jefferies Financial Group raised their price target on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th.

Keyera Stock Up 1.1 %

KEY stock opened at C$45.97 on Wednesday. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. The company has a market capitalization of C$10.53 billion, a price-to-earnings ratio of 30.85, 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 stock has a fifty day moving average of C$43.85 and a 200-day moving average of C$40.18.

Keyera Announces Dividend

The business 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 annualized dividend and a yield of 4.52%. Keyera’s payout ratio is 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.