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

Keyera Corp. (TSE:KEY) has earned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$44.77.

A number of research analysts have recently weighed in on KEY shares. TD Securities set a C$45.00 price objective on Keyera and gave the company a “hold” rating in a research report on Wednesday, January 15th. BMO Capital Markets increased their price target on Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. Barclays set a C$46.00 price objective on Keyera and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Royal Bank of Canada upped their price objective on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Raymond James raised their target price on shares of Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th.

Keyera Trading Down 0.4 %

KEY stock opened at C$42.05 on Monday. The company has a market capitalization of C$9.69 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. Keyera has a 1-year low of C$31.57 and a 1-year high of C$47.90. The business has a 50 day simple moving average of C$42.93 and a two-hundred day simple moving average of C$42.52.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.52 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.95%. Keyera’s payout ratio is currently 107.20%.

Insider Buying and Selling

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the business’s 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 owned by insiders.

Keyera Company Profile

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.