Keyera Corp. (TSE:KEY) Given Average Rating of “Moderate Buy” by Analysts

Keyera Corp. (TSE:KEY) has received an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$44.77.

A number of analysts have recently weighed in on the company. ATB Capital upped their target price on Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Barclays set a C$46.00 price objective on Keyera and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Scotiabank upped their price objective on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. CIBC upped their price objective on Keyera from C$46.00 to C$48.00 in a research report on Friday, February 14th. Finally, Raymond James upped their price objective on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th.

Insider Activity at Keyera

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. 0.39% of the stock is owned by corporate insiders.

Keyera Stock Performance

KEY opened at C$42.32 on Monday. The business has a fifty day simple moving average of C$42.72 and a 200 day simple moving average of C$42.65. The company has a market capitalization of C$9.75 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 1 year low of C$33.00 and a 1 year high of C$47.90. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date was Friday, December 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.91%. Keyera’s payout ratio is 107.20%.

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.