Brokerages Set Keyera Corp. (TSE:KEY) PT at C$52.20

Keyera Corp. (TSE:KEY) has received an average rating of “Buy” from the twelve analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$51.09.

KEY has been the subject of several research reports. National Bankshares increased their target price on shares of Keyera from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. BMO Capital Markets cut their price target on Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday. Barclays decreased their price objective on Keyera from C$45.00 to C$43.00 in a report on Thursday. Finally, CIBC boosted their price objective on Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th.

Keyera Stock Up 0.2%

KEY opened at C$41.65 on Thursday. The business has a 50 day moving average of C$43.47 and a 200-day moving average of C$43.87. The stock has a market capitalization of C$9.55 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 1.35 and a beta of 0.53. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. Keyera has a 1-year low of C$37.80 and a 1-year high of C$47.12.

Keyera (TSE:KEY) last announced its earnings results on Friday, November 14th. The company reported C$0.79 earnings per share (EPS) for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. The business had revenue of C$1.79 billion for the quarter. As a group, sell-side analysts anticipate that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Monday, December 15th. Keyera’s payout ratio is 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.