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

Shares of Keyera Corp. (TSE:KEY) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$44.77.

KEY has been the topic of a number of analyst reports. Scotiabank boosted their price objective on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays set a C$46.00 price objective on Keyera and gave the company an “equal weight” rating in a research note on Thursday, December 12th. CIBC boosted their price objective on Keyera from C$46.00 to C$48.00 in a research note on Friday, February 14th. Raymond James boosted their price objective on Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, National Bankshares upped their target price on Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th.

Keyera Stock Performance

TSE:KEY opened at C$42.32 on Monday. 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 has a 52-week low of C$33.00 and a 52-week 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. The business’s fifty day moving average is C$42.72 and its 200 day moving average is C$42.62.

Keyera Dividend Announcement

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

Insider Activity at Keyera

In related news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction dated 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 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.