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

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$44.77.

Several research analysts have recently issued reports on the company. CIBC upped their price objective on Keyera from C$46.00 to C$48.00 in a research report on Friday, February 14th. TD Securities set a C$45.00 target price on Keyera and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Finally, Cibc World Mkts upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Keyera Price Performance

Keyera stock opened at C$40.05 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The company has a fifty day simple moving average of C$42.35 and a 200-day simple moving average of C$43.21. The stock has a market cap of C$9.23 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 12-month low of C$34.38 and a 12-month high of C$47.90.

Keyera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Monday, March 17th. Keyera’s payout ratio is currently 107.20%.

About Keyera

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.