James Vance Bertram Sells 50,000 Shares of Keyera Corp. (TSE:KEY) Stock

Keyera Corp. (TSE:KEY) Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction that occurred 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.

Keyera Price Performance

Keyera stock opened at C$44.64 on Wednesday. The stock has a market cap of C$10.23 billion, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a fifty day simple moving average of C$44.28 and a 200-day simple moving average of C$40.56. Keyera Corp. has a 12-month low of C$31.16 and a 12-month high of C$47.90. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51.

Keyera Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 4.66%. Keyera’s dividend payout ratio (DPR) is currently 139.60%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. National Bankshares raised their target price on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Jefferies Financial Group raised their price target on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Raymond James set a C$47.00 price target on shares of Keyera and gave the stock an “outperform” rating in a report on Friday, October 11th. BMO Capital Markets raised their price target on shares of Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Finally, Royal Bank of Canada raised their price target on shares of Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Keyera presently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.58.

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.