Keyera Corp. (TSE:KEY – Get Free Report) has received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$73.00.
A number of research analysts have weighed in on KEY shares. BMO Capital Markets reduced their price target on shares of Keyera from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. TD cut their price target on shares of Keyera from C$70.00 to C$67.00 and set a “buy” rating for the company in a research note on Friday, September 4th. Citigroup lifted their target price on Keyera from C$102.00 to C$106.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Desjardins lifted their target price on shares of Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Finally, Royal Bank Of Canada increased their price objective on Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a research report on Monday, August 10th.
View Our Latest Research Report on Keyera
Keyera Stock Performance
Shares of TSE KEY opened at C$50.69 on Wednesday. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. Keyera has a 52 week low of C$40.09 and a 52 week high of C$61.41. The stock has a market capitalization of C$14.87 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The stock has a 50 day moving average price of C$54.52 and a 200 day moving average price of C$54.47.
Keyera (TSE:KEY – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The firm had revenue of C$2.40 billion during the quarter. Analysts predict that Keyera will post 2.22 earnings per share for the current fiscal year.
Keyera Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were issued a $0.5625 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from Keyera’s previous quarterly dividend of $0.54. This represents a $2.25 annualized dividend and a dividend yield of 4.4%. Keyera’s payout ratio is presently 141.18%.
Insider Buying and Selling
In other Keyera news, Director Taylor Timothy Kitchen bought 500 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was acquired at an average price of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the transaction, the director directly owned 7,500 shares in the company, valued at approximately C$418,050. This represents a 7.14% increase in their position. 0.39% of the stock is owned by corporate insiders.
About Keyera
Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.
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