Keyera Corp. (TSE:KEY) Stock Has Consensus Price Target of C$73.00 According to Analysts

Keyera Corp. (TSE:KEY) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$73.00.

KEY has been the subject of a number of analyst reports. Citigroup increased their target price on shares of Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Scotia increased their price objective on shares of Keyera from C$88.00 to C$92.00 and gave the company a “sector perform” rating in a research report on Friday, September 4th. Stifel Nicolaus lifted their price objective on shares of Keyera from C$85.00 to C$90.00 and gave the stock a “hold” rating in a research note on Friday, September 4th. TD lowered their price target on Keyera from C$70.00 to C$67.00 and set a “buy” rating for the company in a research report on Friday, September 4th. Finally, Raymond James Financial dropped their target price on Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 23rd.

Insider Transactions at Keyera

In other Keyera news, Director Taylor Timothy Kitchen purchased 500 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price 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 approximately C$418,050. This trade represents a 7.14% increase in their ownership of the stock. Company insiders own 0.39% of the company’s stock.

Keyera Stock Up 0.9%

Shares of TSE:KEY opened at C$55.43 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65. The business’s 50 day moving average is C$55.99 and its 200 day moving average is C$55.84. The stock has a market cap of C$16.27 billion, a P/E ratio of 36.23, a price-to-earnings-growth ratio of 1.35 and a beta of 0.59. Keyera has a 52-week low of C$40.09 and a 52-week high of C$61.41.

Keyera (TSE:KEY) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. The business had revenue of C$2.40 billion during the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. Sell-side analysts predict that Keyera will post 2.22 EPS for the current year.

Keyera Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was 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%.

Keyera Company Profile

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.