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

Shares of Keyera Corp. (TSE:KEY) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$44.69.

A number of research analysts have recently commented on KEY shares. Cibc World Mkts raised shares of Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. TD Securities set a C$45.00 price target on shares of Keyera and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Finally, CIBC lowered their price objective on shares of Keyera from C$48.00 to C$47.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th.

Keyera Stock Up 2.6 %

KEY stock opened at C$43.62 on Friday. Keyera has a one year low of C$34.46 and a one year high of C$47.90. The stock has a market capitalization of C$10.05 billion, a P/E ratio of 22.48, a PEG ratio of 1.35 and a beta of 2.09. The company has a 50 day moving average price of C$42.45 and a two-hundred day moving average price of C$43.09. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.08 annualized dividend and a yield of 4.77%. Keyera’s dividend payout ratio 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.