Keyera Corp (KEY) Given New C$43.00 Price Target at TD Securities
Keyera Corp (TSE:KEY) had its price objective decreased by TD Securities from C$44.00 to C$43.00 in a research report released on Thursday morning. TD Securities currently has a buy rating on the stock.
Several other research analysts have also commented on the stock. National Bank Financial lowered their price objective on shares of Keyera Corp from C$49.00 to C$48.00 and set an outperform rating for the company in a research note on Wednesday. CIBC lowered their price objective on shares of Keyera Corp from C$46.00 to C$45.00 in a research note on Tuesday, October 17th. Scotiabank reissued a sector perform rating and issued a C$41.00 price objective on shares of Keyera Corp in a research note on Wednesday, October 11th. Royal Bank Of Canada lowered their price objective on shares of Keyera Corp from C$46.00 to C$45.00 and set an outperform rating for the company in a research note on Thursday, August 17th. Finally, Raymond James Financial, Inc. lowered their price objective on shares of Keyera Corp from C$45.00 to C$44.00 and set an outperform rating for the company in a research note on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of C$44.43.
Keyera Corp (KEY) traded down C$0.04 during midday trading on Thursday, hitting C$38.05. 339,628 shares of the stock traded hands, compared to its average volume of 366,825. Keyera Corp has a twelve month low of C$35.31 and a twelve month high of C$42.57.
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The company also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be paid a $0.14 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $1.68 dividend on an annualized basis and a yield of 4.42%. Keyera Corp’s dividend payout ratio is currently 125.79%.
In other news, Director Donald J. Nelson purchased 1,850 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of C$35.69 per share, for a total transaction of C$66,026.50. Also, insider Graham Charles Balzun sold 2,100 shares of Keyera Corp stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of C$35.59, for a total transaction of C$74,739.00.
Keyera Corp Company Profile
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).
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