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

Shares of Keyera Corp. (TSE:KEY) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$60.93.

KEY has been the subject of a number of research analyst reports. National Bank Financial increased their price target on Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. BMO Capital Markets boosted their price objective on shares of Keyera from C$60.00 to C$65.00 in a report on Tuesday, June 16th. Scotiabank upped their target price on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st. TD set a C$68.00 target price on shares of Keyera and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, ATB Cormark Capital Markets lifted their price target on shares of Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Tuesday, June 16th.

Keyera Stock Performance

KEY opened at C$59.56 on Monday. The stock has a market capitalization of C$17.48 billion, a PE ratio of 75.39, a P/E/G ratio of 1.35 and a beta of 0.49. Keyera has a one year low of C$40.09 and a one year high of C$61.41. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. The business’s 50 day moving average price is C$58.03 and its 200 day moving average price is C$53.46.

Keyera (TSE:KEY) last posted its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%.The business had revenue of C$1.30 billion for the quarter. As a group, equities research analysts expect that Keyera will post 2.2166667 EPS for the current year.

Keyera Announces Dividend

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

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.