Keyera Corp. (TSE:KEY) Receives C$44.69 Average PT from Analysts

Keyera Corp. (TSE:KEY) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$44.69.

KEY has been the topic of several recent analyst reports. TD Securities set a C$45.00 target price on shares of Keyera and gave the company a “hold” rating in a report on Wednesday, January 15th. CIBC decreased their price objective on shares of Keyera from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Finally, Cibc World Mkts upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Keyera Stock Performance

KEY opened at C$43.69 on Friday. The firm has a market cap of C$10.06 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The business’s fifty day moving average is C$42.56 and its 200-day moving average is C$43.10. Keyera has a 52-week low of C$35.06 and a 52-week high of C$47.90. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.52 per share. The ex-dividend date was Monday, March 17th. This represents a $2.08 dividend on an annualized basis and a yield of 4.76%. Keyera’s dividend payout ratio is currently 107.20%.

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.