Keyera Corp. (TSE:KEY) Receives C$51.00 Consensus PT from Brokerages

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Three investment 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 target among analysts that have issued ratings on the stock in the last year is C$51.00.

Several research analysts have issued reports on the company. CIBC raised their target price on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. BMO Capital Markets reduced their price target on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, January 9th. Barclays lowered their price objective on shares of Keyera from C$45.00 to C$43.00 in a research note on Thursday, January 8th. TD Securities reduced their target price on shares of Keyera from C$54.00 to C$52.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. Finally, National Bankshares decreased their price target on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 20th.

Keyera Trading Up 2.0%

TSE:KEY opened at C$47.21 on Monday. The company has a market cap of C$10.82 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. 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 50 day simple moving average of C$44.23 and a two-hundred day simple moving average of C$44.03. Keyera has a 12 month low of C$37.80 and a 12 month high of C$47.40.

Keyera (TSE:KEY) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.79 earnings per share for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%.The firm had revenue of C$1.79 billion for the quarter. Research analysts forecast that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were given a $0.54 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.16 dividend on an annualized basis and a yield of 4.6%. Keyera’s dividend payout ratio is presently 112.30%.

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.