Keyera Corp. (TSE:KEY) Receives C$52.45 Average Target Price from Analysts

Keyera Corp. (TSE:KEY) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$52.45.

A number of brokerages have recently weighed in on KEY. National Bank Financial dropped their price target on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 20th. BMO Capital Markets lowered their price objective on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. Citigroup raised their target price on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, February 23rd. TD Securities lifted their target price on shares of Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Barclays increased their price target on shares of Keyera from C$43.00 to C$48.00 in a research report on Friday, February 13th.

Keyera Price Performance

Shares of TSE:KEY opened at C$52.06 on Friday. The business’s 50 day simple moving average is C$46.34 and its 200-day simple moving average is C$44.92. The firm has a market capitalization of C$11.94 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. 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 has a 12 month low of C$37.80 and a 12 month high of C$52.66.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 earnings per share for the quarter. The firm had revenue of C$1.70 billion during the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%. As a group, equities analysts forecast that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, December 15th. Keyera’s dividend payout ratio is 112.17%.

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.