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

Shares of Keyera Corp. (TSE:KEY) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$44.08.

KEY has been the topic of several analyst reports. Citigroup increased their price target on Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Royal Bank of Canada lifted 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. Scotiabank upped their target price on shares of Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. 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. Finally, Raymond James raised their price objective on shares of Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th.

Keyera Price Performance

Shares of KEY opened at C$41.51 on Thursday. Keyera has a twelve month low of C$31.16 and a twelve month high of C$47.90. The firm’s 50 day moving average price is C$44.01 and its 200 day moving average price is C$42.20. The firm has a market cap of C$9.51 billion, a PE ratio of 27.86, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30.

Keyera Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.01%. Keyera’s payout ratio is 139.60%.

Insider Buying and Selling at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

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.