Keyera Corp. (TSE:KEY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Keyera Corp. (TSE:KEY) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$44.77.

Several brokerages have commented on KEY. Scotiabank upped their price objective on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. CIBC upped their price target on shares of Keyera from C$46.00 to C$48.00 in a report on Friday, February 14th. Raymond James lifted their price objective on shares of Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Cibc World Mkts upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada lifted their price target on shares of Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th.

Keyera Stock Down 2.2 %

Shares of TSE:KEY opened at C$40.90 on Tuesday. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The business has a 50 day simple moving average of C$42.53 and a two-hundred day simple moving average of C$43.30. Keyera has a 1 year low of C$34.28 and a 1 year high of C$47.90. The firm has a market capitalization of C$9.42 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.52 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.08 annualized dividend and a yield of 5.09%. Keyera’s dividend payout ratio (DPR) is presently 107.20%.

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.