Analysts Set Keyera Corp. (TSE:KEY) Target Price at C$73.00

Shares of Keyera Corp. (TSE:KEY) have been given a consensus rating of “Moderate Buy” by the fifteen research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$73.00.

Several brokerages recently issued reports on KEY. ATB Cormark Capital Markets increased their price objective on Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 16th. Scotia lifted their target price on Keyera from C$88.00 to C$92.00 and gave the company a “sector perform” rating in a research note on Friday, September 4th. Desjardins upped their target price on Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a 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. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Keyera from C$63.00 to C$65.00 in a report on Tuesday, June 16th.

Insider Transactions at Keyera

In related news, Director Taylor Timothy Kitchen bought 500 shares of the business’s stock in a transaction on Friday, September 4th. The stock was bought at an average price of C$55.74 per share, for a total transaction of C$27,870.00. Following the transaction, the director directly owned 7,500 shares in the company, valued at C$418,050. This represents a 7.14% increase in their ownership of the stock. 0.39% of the stock is currently owned by insiders.

Keyera Price Performance

KEY opened at C$53.78 on Tuesday. The stock has a fifty day moving average of C$58.32 and a 200-day moving average of C$55.87. The firm has a market capitalization of C$15.78 billion, a P/E ratio of 35.15, a PEG ratio of 1.35 and a beta of 0.46. Keyera has a 12-month low of C$40.09 and a 12-month high of C$61.41. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65.

Keyera (TSE:KEY) last issued its earnings results on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The business had revenue of C$2.40 billion during the quarter. Equities analysts forecast that Keyera will post 2.2166667 EPS for the current fiscal 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 paid a $0.5625 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.25 annualized dividend and a yield of 4.2%. This is a boost from Keyera’s previous quarterly dividend of $0.54. Keyera’s dividend payout ratio (DPR) is currently 141.18%.

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