Keyera Corp. (TSE:KEY) Receives C$44.77 Average PT from Analysts

Shares of Keyera Corp. (TSE:KEY) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$44.77.

Several brokerages have weighed in on KEY. Cibc World Mkts raised Keyera from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. TD Securities set a C$45.00 price objective on Keyera and gave the company a “hold” rating in a research note on Wednesday, January 15th. Finally, CIBC increased their price target on shares of Keyera from C$46.00 to C$48.00 in a report on Friday, February 14th.

Keyera Stock Up 2.6 %

Shares of Keyera stock opened at C$41.08 on Tuesday. Keyera has a 1 year low of C$34.38 and a 1 year high of C$47.90. 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 stock has a market cap of C$9.46 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 1.35 and a beta of 2.09. The firm’s 50-day moving average is C$42.35 and its two-hundred day moving average is C$43.21.

Keyera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Monday, March 17th. Keyera’s dividend payout ratio (DPR) is 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.