Keyera Corp. (TSE:KEY) Receives C$73.00 Consensus Target Price from Brokerages

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$73.00.

A number of research analysts have recently weighed in on the company. Scotia raised their price target on Keyera from C$88.00 to C$92.00 and gave the company a “sector perform” rating in a research report on Friday, September 4th. Barclays increased their price target on shares of Keyera from C$56.00 to C$61.00 in a research report on Friday, August 7th. National Bank Financial lifted their price objective on Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Stifel Nicolaus upped their price objective on Keyera from C$85.00 to C$90.00 and gave the company a “hold” rating in a research report on Friday, September 4th. Finally, ATB Cormark Capital Markets increased their price objective on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th.

Insider Activity

In other news, Director Taylor Timothy Kitchen purchased 500 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average cost of C$55.74 per share, with a total value of C$27,870.00. Following the transaction, the director owned 7,500 shares in the company, valued at approximately C$418,050. The trade was a 7.14% increase in their position. Insiders own 0.39% of the company’s stock.

Keyera Price Performance

Shares of KEY opened at C$54.96 on Tuesday. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$61.41. The firm has a 50-day simple moving average of C$58.28 and a 200-day simple moving average of C$55.86. The company has a market capitalization of C$16.13 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The company had revenue of C$2.40 billion during the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. On average, equities research analysts anticipate that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 4.1%. This is a boost from Keyera’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend is Tuesday, September 15th. Keyera’s dividend payout ratio is 141.18%.

Keyera Company Profile

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.