Keyera Corp. (TSE:KEY) Receives C$53.55 Consensus PT from Brokerages

Keyera Corp. (TSE:KEY) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$53.55.

KEY has been the subject of several recent research reports. National Bank Financial lowered their price target on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. Barclays boosted their price target on shares of 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. BMO Capital Markets decreased their price objective on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Citigroup boosted their price objective on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, TD Securities boosted their price objective on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 13th.

Keyera Stock Up 0.4%

Shares of TSE:KEY opened at C$49.78 on Friday. The firm has a fifty day moving average price of C$52.29 and a two-hundred day moving average price of C$46.85. The company has a debt-to-equity ratio of 227.74, a current ratio of 1.76 and a quick ratio of 0.57. Keyera has a one year low of C$40.09 and a one year high of C$55.35. The company has a market cap of C$11.41 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.35 and a beta of 0.52.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. The company had revenue of C$1.70 billion during the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. Analysts anticipate that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.54 per share. The ex-dividend date was Monday, March 16th. This represents a $2.16 annualized dividend and a dividend yield of 4.3%. Keyera’s payout ratio is currently 112.17%.

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.