Keyera (TSE:KEY) Director Taylor Timothy Kitchen Purchases 500 Shares

Keyera Corp. (TSE:KEY) Director Taylor Timothy Kitchen bought 500 shares of the business’s stock in a transaction on Friday, September 4th. The shares were acquired at an average cost of C$55.74 per share, for a total transaction of C$27,870.00. Following the purchase, the director directly owned 7,500 shares in the company, valued at C$418,050. This represents a 7.14% increase in their ownership of the stock.

Keyera Trading Up 1.1%

TSE:KEY opened at C$56.97 on Wednesday. Keyera Corp. has a 1 year low of C$40.09 and a 1 year high of C$61.41. The stock has a market cap of C$16.72 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.35 and a beta of 0.46. The business has a fifty day moving average of C$58.70 and a 200-day moving average of C$55.72. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22.

Keyera (TSE:KEY) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The business had revenue of C$2.40 billion for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. Equities analysts predict that Keyera Corp. will post 2.2166667 earnings per share for the current year.

Keyera Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a positive change from Keyera’s previous quarterly dividend of $0.54. Keyera’s dividend payout ratio is 141.18%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KEY shares. Royal Bank Of Canada increased their price objective on shares of Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce upped their target price on Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. BMO Capital Markets lowered their price target on Keyera from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. Barclays boosted their price objective on Keyera from C$56.00 to C$61.00 in a research note on Friday, August 7th. Finally, Citigroup upped their price objective on Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a report on Friday, September 4th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$73.00.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.