Keyera Corp. (TSE:KEY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Keyera Corp. (TSE:KEY) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$42.58.

KEY has been the topic of several research reports. ATB Capital lifted their price target on Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Jefferies Financial Group lifted their price target on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. National Bankshares lifted their price target on Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th. Raymond James set a C$47.00 price target on Keyera and gave the company an “outperform” rating in a research report on Friday, October 11th. Finally, Citigroup lifted their price objective on Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th.

Keyera Trading Up 1.1 %

TSE KEY opened at C$45.97 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. Keyera has a twelve month low of C$31.16 and a twelve month high of C$47.90. The firm has a market capitalization of C$10.53 billion, a PE ratio of 30.85, a P/E/G ratio of 1.35 and a beta of 2.09. The stock’s 50 day moving average is C$43.85 and its 200 day moving average is C$40.18.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, December 13th. Keyera’s dividend payout ratio is currently 139.60%.

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.