Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$43.62

Keyera Corp. (TSE:KEY) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$43.62.

KEY has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. Scotiabank upped their target price on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada increased their price target on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays set a C$46.00 price objective on Keyera and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Finally, National Bankshares increased their target price on Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th.

Keyera Stock Performance

Keyera stock opened at C$44.71 on Friday. The company has a market cap of C$10.25 billion, a PE ratio of 30.01, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a 12 month low of C$31.16 and a 12 month high of C$47.90. The company has a fifty day moving average price of C$44.32 and a two-hundred day moving average price of C$41.52. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57.

Keyera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, December 13th. Keyera’s dividend payout ratio is presently 139.60%.

Insider Activity at Keyera

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.