Keyera Corp. (TSE:KEY) Given Average Rating of "Buy" by Brokerages

Key Points

• Keyera Corp. has received a consensus recommendation of "Buy" from thirteen brokerages, with an average 12-month price target of C$51.27.
• The company recently announced an increase in its quarterly dividend from $0.52 to $0.54, reflecting a 4.7% yield.
• Keyera's stock performance shows a fifty-two week range between C$37.80 and C$47.90, with a market capitalization of approximately C$10.62 billion.

Keyera Corp. (TSE:KEY - Get Free Report) has been assigned a consensus recommendation of "Buy" from the thirteen brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and four have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$51.27.

Several equities analysts recently weighed in on KEY shares. National Bankshares set a C$45.00 price target on shares of Keyera and gave the company a "sector perform" rating in a research report on Friday, June 20th. Scotiabank raised their price target on shares of Keyera from C$51.00 to C$54.00 and gave the company an "outperform" rating in a research report on Monday, June 23rd. Wells Fargo & Company raised their price target on shares of Keyera from C$46.00 to C$47.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 13th. Raymond James Financial increased their price objective on shares of Keyera from C$51.00 to C$59.00 and gave the company an "outperform" rating in a research note on Monday, June 23rd. Finally, BMO Capital Markets upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating and increased their price objective for the company from C$45.50 to C$54.00 in a research note on Wednesday, June 18th.

Keyera Price Performance

Shares of TSE KEY opened at C$46.33 on Tuesday. Keyera has a fifty-two week low of C$37.80 and a fifty-two week high of C$47.90. The stock has a market cap of C$10.62 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.35 and a beta of 0.67. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The firm's 50-day simple moving average is C$44.39 and its 200 day simple moving average is C$43.38.

Keyera Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a $0.54 dividend. This is a positive change from Keyera's previous quarterly dividend of $0.52. The ex-dividend date was Monday, September 15th. This represents a $2.16 annualized dividend and a yield of 4.7%. Keyera's dividend payout ratio (DPR) is 90.04%.

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.

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