Keyera Corp. (TSE:KEY) Receives C$60.64 Average PT from Analysts

Shares of Keyera Corp. (TSE:KEYGet Free Report) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$60.64.

KEY has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. Royal Bank Of Canada increased their price target on Keyera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Tuesday, June 16th. Scotia raised their price target on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. Jefferies Financial Group set a C$65.00 price objective on shares of Keyera and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 16th.

Get Our Latest Analysis on Keyera

Keyera Stock Performance

KEY stock traded up C$0.96 during trading hours on Thursday, reaching C$57.31. The stock had a trading volume of 163,759 shares, compared to its average volume of 1,540,351. The stock has a 50-day simple moving average of C$55.88 and a 200 day simple moving average of C$51.33. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$59.99. The stock has a market capitalization of C$16.82 billion, a PE ratio of 72.54, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49. The company has a debt-to-equity ratio of 249.10, a current ratio of 1.60 and a quick ratio of 0.57.

Keyera (TSE:KEYGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (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 during the quarter. Analysts predict that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, June 15th. Keyera’s payout ratio is currently 270.89%.

Keyera Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Keyera (TSE:KEY)

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