Shares of Keyera Corp. (TSE:KEY – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$73.00.
A number of research analysts recently weighed in on KEY shares. TD dropped their price objective on shares of Keyera from C$70.00 to C$67.00 and set a “buy” rating for the company in a report on Friday, September 4th. Raymond James Financial reduced their target price on shares of Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Stifel Nicolaus raised their price target on shares of Keyera from C$85.00 to C$90.00 and gave the company a “hold” rating in a research report on Friday, September 4th. Scotiabank raised their price target on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets dropped their price target on shares of Keyera from C$65.00 to C$64.00 and set an “outperform” rating for the company in a research note on Friday, September 4th.
Read Our Latest Analysis on KEY
Insider Activity
Keyera Stock Performance
TSE KEY opened at C$54.51 on Friday. The company has a market cap of C$16.00 billion, a P/E ratio of 35.63, a P/E/G ratio of 1.35 and a beta of 0.59. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The stock has a 50-day moving average of C$56.10 and a two-hundred day moving average of C$55.83. Keyera has a 1-year low of C$40.09 and a 1-year high of C$61.41.
Keyera (TSE:KEY – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The company had revenue of C$2.40 billion for the quarter. As a group, analysts anticipate that Keyera will post 2.22 EPS for the current year.
Keyera Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a $0.5625 dividend. The ex-dividend date was Tuesday, September 15th. This is an increase from Keyera’s previous quarterly dividend of $0.54. This represents a $2.25 annualized dividend and a dividend yield of 4.1%. Keyera’s payout ratio is 141.18%.
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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