Keyera Corp. (TSE:KEY) Receives C$58.29 Consensus Target Price from Analysts

Shares of Keyera Corp. (TSE:KEY) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$58.29.

A number of research analysts have recently commented on the stock. National Bank Financial boosted their price target on shares of Keyera from C$50.00 to C$56.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Jefferies Financial Group set a C$65.00 price objective on Keyera and gave the company a “buy” rating in a research note on Tuesday, May 19th. TD Securities boosted their target price on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Barclays upped their target price on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Finally, ATB Cormark Capital Markets raised their price target on Keyera from C$54.00 to C$55.00 and gave the company a “sector perform” rating in a report on Thursday, May 21st.

Keyera Trading Up 0.1%

Shares of KEY opened at C$59.11 on Friday. Keyera has a twelve month low of C$40.09 and a twelve month high of C$59.93. The stock has a market cap of C$13.55 billion, a PE ratio of 74.82, a P/E/G ratio of 1.35 and a beta of 0.47. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. The business’s 50-day moving average price is C$53.90 and its 200-day moving average price is C$49.83.

Keyera (TSE:KEY) last issued its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The firm had revenue of C$1.30 billion for the quarter. On average, equities analysts forecast that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 15th. Keyera’s dividend payout ratio (DPR) is currently 270.89%.

Keyera Company Profile

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.