Analysts Set Keyera Corp. (TSE:KEY) Price Target at C$36.72

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$36.67.

A number of analysts have recently issued reports on KEY shares. Stifel Nicolaus increased their target price on Keyera from C$32.00 to C$38.00 and gave the company a “buy” rating in a report on Thursday. TD Securities upped their target price on Keyera from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Jefferies Financial Group set a C$38.00 price target on Keyera and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Citigroup boosted their price objective on Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, National Bankshares increased their price target on shares of Keyera from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th.

Keyera Stock Down 0.3 %

Shares of KEY stock opened at C$35.44 on Tuesday. The company has a debt-to-equity ratio of 154.22, a quick ratio of 0.57 and a current ratio of 1.34. The business’s fifty day moving average is C$34.37 and its 200-day moving average is C$33.09. Keyera has a 1 year low of C$29.31 and a 1 year high of C$35.97. The stock has a market cap of C$8.12 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.33 and a beta of 2.12.

Keyera (TSE:KEY) last announced its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.37. Keyera had a return on equity of 15.15% and a net margin of 6.01%. The company had revenue of C$2.30 billion during the quarter, compared to the consensus estimate of C$1.59 billion. Equities analysts expect that Keyera will post 1.9117965 earnings per share for the current fiscal year.

Keyera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.00 annualized dividend and a yield of 5.64%. Keyera’s dividend payout ratio is currently 108.11%.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.