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

Keyera Corp. (TSE:KEY) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$44.77.

Several research analysts recently weighed in on KEY shares. Raymond James increased 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. Royal Bank of Canada increased their price objective on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. 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. Cibc World Mkts upgraded Keyera from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, CIBC upped their price target on Keyera from C$46.00 to C$48.00 in a research note on Friday, February 14th.

Keyera Price Performance

KEY stock opened at C$44.69 on Friday. The firm has a market capitalization of C$10.29 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 1 year low of C$33.68 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. The business has a 50 day simple moving average of C$42.10 and a 200-day simple moving average of C$42.98.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.65%. The ex-dividend date is Monday, March 17th. Keyera’s dividend payout ratio (DPR) is presently 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.