Keyera Corp. (TSE:KEY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Keyera Corp. (TSE:KEY) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$40.55.

A number of equities analysts have recently issued reports on the company. BMO Capital Markets upped their price target on Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. ATB Capital upped their price objective on shares of Keyera from C$36.00 to C$39.00 in a report on Wednesday, July 24th. Jefferies Financial Group lifted their target price on shares of Keyera from C$39.00 to C$43.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Scotiabank raised their price target on shares of Keyera from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Citigroup upped their target price on Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a research report on Monday.

Insider Activity at Keyera

In related news, Senior Officer Eileen Marikar sold 1,888 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total transaction of C$74,953.79. Company insiders own 0.39% of the company’s stock.

Keyera Trading Down 0.2 %

Shares of TSE KEY opened at C$42.16 on Friday. Keyera has a 1-year low of C$30.08 and a 1-year high of C$42.44. The business has a fifty day moving average price of C$39.90 and a 200 day moving average price of C$37.27. The stock has a market capitalization of C$9.66 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.62 EPS for the quarter, beating the consensus estimate of C$0.54 by C$0.08. Keyera had a net margin of 4.86% and a return on equity of 12.02%. The business had revenue of C$1.72 billion during the quarter. Equities research analysts expect that Keyera will post 2.1985409 EPS for the current fiscal year.

Keyera Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.52 per share. This is a boost from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, September 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.93%. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

About Keyera

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.