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

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$42.25.

A number of research firms have recently commented on KEY. Citigroup raised their target price on Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. BMO Capital Markets lifted their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday. Royal Bank of Canada lifted their price objective on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Raymond James set a C$47.00 price objective on Keyera and gave the stock an “outperform” rating in a report on Friday, October 11th. Finally, Jefferies Financial Group lifted their price objective on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 30th.

Keyera Stock Performance

Shares of KEY stock opened at C$45.11 on Friday. The firm has a market capitalization of C$10.34 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The business has a fifty day moving average of C$42.78 and a 200 day moving average of C$39.39. Keyera has a 1 year low of C$31.16 and a 1 year high of C$45.51.

Keyera Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.61%. This is a boost from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. Keyera’s dividend payout ratio is presently 139.60%.

About Keyera

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.