Keyera Corp. (TSE:KEY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Keyera Corp. (TSE:KEY) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$73.00.

Several analysts have recently issued reports on the company. Citigroup increased their price objective on Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Stifel Nicolaus lifted their target price on Keyera from C$85.00 to C$90.00 and gave the company a “hold” rating in a report on Friday, September 4th. Scotiabank boosted their target price on Keyera from C$65.00 to C$66.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. BMO Capital Markets cut their price target on Keyera from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a report on Friday, September 4th. Finally, TD cut their price target on Keyera from C$70.00 to C$67.00 and set a “buy” rating on the stock in a report on Friday, September 4th.

Keyera Price Performance

Keyera stock opened at C$50.69 on Wednesday. The firm has a market cap of C$14.87 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. Keyera has a 52-week low of C$40.09 and a 52-week high of C$61.41. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65. The company’s 50 day moving average is C$54.52 and its two-hundred day moving average is C$54.47.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. The company had revenue of C$2.40 billion during the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. On average, research analysts expect that Keyera will post 2.22 EPS for the current fiscal year.

Keyera Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 15th. This is a boost from Keyera’s previous quarterly dividend of $0.54. Keyera’s dividend payout ratio (DPR) is 141.18%.

Insider Activity at Keyera

In related news, Director Taylor Timothy Kitchen acquired 500 shares of the stock in a transaction dated Friday, September 4th. The stock was acquired at an average cost of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the transaction, the director owned 7,500 shares in the company, valued at C$418,050. This represents a 7.14% increase in their position. Corporate insiders own 0.39% of the company’s stock.

Keyera Company Profile

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.