Keyera Corp. (TSE:KEY) Receives C$36.72 Consensus PT from Brokerages

Shares of Keyera Corp. (TSE:KEY) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$36.67.

Several research analysts have recently issued reports on the company. National Bankshares raised their price objective on Keyera from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. BMO Capital Markets lifted their price objective on shares of Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Stifel Nicolaus increased their price objective on shares of Keyera from C$32.00 to C$38.00 and gave the stock a “buy” rating in a research note on Thursday. CIBC raised their target price on shares of Keyera from C$35.00 to C$36.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, TD Securities upped their price target on shares of Keyera from C$37.00 to C$38.00 and gave the company a “buy” rating in a report on Thursday, February 15th.

Keyera Price Performance

KEY opened at C$35.44 on Tuesday. The firm has a market capitalization of C$8.12 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 1.33 and a beta of 2.12. The company has a debt-to-equity ratio of 154.22, a current ratio of 1.34 and a quick ratio of 0.57. The business’s 50-day moving average is C$34.37 and its two-hundred day moving average is C$33.09. Keyera has a 1 year low of C$29.31 and a 1 year high of C$35.97.

Keyera (TSE:KEY) last posted its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.37. The firm had revenue of C$2.30 billion during the quarter, compared to analysts’ expectations of C$1.59 billion. Keyera had a return on equity of 15.15% and a net margin of 6.01%. Research analysts anticipate that Keyera will post 1.9117965 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 5.64%. Keyera’s payout ratio is 108.11%.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.