Analysts Set Keyera Corp. (TSE:KEY) Price Target at C$44.77

Shares of Keyera Corp. (TSE:KEY) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment 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 12-month target price among brokerages that have issued ratings on the stock in the last year is C$44.77.

Several equities analysts recently issued reports on KEY shares. Citigroup raised their price target on Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. Raymond James raised their price target on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Scotiabank lifted their price objective on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. BMO Capital Markets lifted their price objective on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Finally, Royal Bank of Canada lifted their price objective 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.

Keyera Price Performance

KEY opened at C$42.32 on Monday. The stock’s 50 day simple moving average is C$42.72 and its 200 day simple moving average is C$42.62. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. Keyera has a 1 year low of C$33.00 and a 1 year high of C$47.90. The firm has a market cap of C$9.75 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.91%. Keyera’s dividend payout ratio is presently 107.20%.

Insider Activity at Keyera

In related news, Director James Vance Bertram sold 50,000 shares of Keyera stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is currently owned by corporate insiders.

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.