Keyera Corp. (TSE:KEY) Receives C$44.69 Consensus Target Price from Brokerages

Keyera Corp. (TSE:KEY - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$44.69.

KEY has been the subject of a number of research reports. Cibc World Mkts upgraded Keyera from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. TD Securities set a C$45.00 price target on Keyera and gave the company a "hold" rating in a research report on Wednesday, January 15th. Finally, CIBC decreased their price objective on shares of Keyera from C$48.00 to C$47.00 and set an "outperform" rating for the company in a report on Thursday, April 24th.

Keyera Stock Down 2.0 %

TSE KEY traded down C$0.85 during trading hours on Friday, reaching C$42.41. 427,240 shares of the company traded hands, compared to its average volume of 1,192,700. The stock has a market capitalization of C$9.77 billion, a PE ratio of 21.86, a PEG ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. Keyera has a 12 month low of C$34.38 and a 12 month high of C$47.90. The company has a 50 day moving average of C$42.41 and a two-hundred day moving average of C$43.11.

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Monday, March 17th. Keyera's dividend payout ratio is currently 107.20%.

Keyera Company Profile

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.