Keyera Corp. (TSE:KEY) Receives C$52.20 Average Price Target from Brokerages

Keyera Corp. (TSE:KEY) has been given an average recommendation of “Buy” by the twelve analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$51.09.

Several analysts have recently issued reports on KEY shares. CIBC upped their price target on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. BMO Capital Markets decreased their price objective on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday. Barclays dropped their target price on shares of Keyera from C$45.00 to C$43.00 in a report on Thursday, January 8th. Finally, National Bankshares boosted their target price on shares of Keyera from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th.

Keyera Stock Performance

Shares of KEY opened at C$41.99 on Thursday. The firm has a market cap of C$9.63 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. The company’s fifty day moving average is C$43.49 and its 200-day moving average is C$43.85. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. Keyera has a 12 month low of C$37.80 and a 12 month high of C$47.12.

Keyera (TSE:KEY) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.79 earnings per share (EPS) for the quarter. The business had revenue of C$1.79 billion during the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. Equities analysts expect that Keyera will post 2.2166667 EPS for the current fiscal year.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.54 per share. The ex-dividend date was Monday, December 15th. This represents a $2.16 annualized dividend and a yield of 5.1%. Keyera’s dividend payout ratio is presently 112.30%.

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.