Analysts Set Keyera Corp. (TSE:KEY) PT at C$43.62

Keyera Corp. (TSE:KEY) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$43.62.

KEY has been the topic of several research analyst reports. ATB Capital lifted their price objective on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. National Bankshares lifted their price target on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Scotiabank increased their price objective on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada lifted their target price on Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group increased their price target on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, September 30th.

Keyera Price Performance

TSE KEY opened at C$43.96 on Friday. The stock has a market capitalization of C$10.07 billion, a P/E ratio of 29.50, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. The business’s fifty day moving average is C$44.26 and its two-hundred day moving average is C$41.29. Keyera has a 1 year low of C$31.16 and a 1 year high of C$47.90.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.73%. The ex-dividend date was Friday, December 13th. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

Insider Activity at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value of C$2,318,750.00. 0.39% of the stock is currently owned by insiders.

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.