Brokerages Set Keyera Corp. (TSE:KEY) PT at C$60.93

Keyera Corp. (TSE:KEY) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$60.93.

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Keyera from C$53.00 to C$56.00 in a report on Wednesday, July 15th. Canadian Imperial Bank of Commerce boosted their price target on Keyera from C$63.00 to C$65.00 in a research note on Tuesday, June 16th. Raymond James Financial cut their price objective on Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. National Bank Financial raised their price objective on Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. Finally, Royal Bank Of Canada raised their price objective on Keyera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th.

Keyera Stock Up 1.8%

KEY stock opened at C$60.35 on Monday. The firm has a 50 day moving average of C$57.97 and a 200 day moving average of C$53.20. The stock has a market capitalization of C$17.71 billion, a PE ratio of 76.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. Keyera has a 52 week low of C$40.09 and a 52 week high of C$61.41.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. The company had revenue of C$1.30 billion for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. Sell-side analysts forecast that Keyera will post 2.2166667 earnings per share for the current year.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, June 15th. Keyera’s dividend payout ratio is 270.89%.

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.