Keyera Corp. (TSE:KEY) Receives Average Rating of "Buy" from Analysts

Key Points

• Keyera Corp. has received a consensus rating of "Buy" from 13 analysts, with an average twelve-month price target of C$51.27.
• The company's recent quarterly dividend was C$0.52 per share, yielding 4.9%, and its dividend payout ratio is currently at 107.20%.
• Keyera stock has a market capitalization of C$9.85 billion, with a one-year high of C$47.90 and a low of C$37.80.

Keyera Corp. (TSE:KEY - Get Free Report) has been assigned an average recommendation of "Buy" from the fourteen analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and four have given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$50.92.

A number of research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. BMO Capital Markets raised shares of Keyera from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from C$45.50 to C$54.00 in a research report on Wednesday, June 18th. National Bankshares set a C$45.00 price objective on shares of Keyera and gave the company a "sector perform" rating in a research report on Friday, June 20th. Scotiabank boosted their price objective 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. Finally, CIBC boosted their target price on shares of Keyera from C$47.00 to C$56.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd.

Keyera Trading Up 0.7%

Shares of KEY stock traded up C$0.30 during trading hours on Monday, reaching C$43.69. 96,832 shares of the stock traded hands, compared to its average volume of 1,259,601. Keyera has a 1-year low of C$37.80 and a 1-year high of C$47.90. The business has a fifty day moving average price of C$43.17 and a 200 day moving average price of C$42.64. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. The firm has a market capitalization of C$10.06 billion, a PE ratio of 22.52, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, June 16th. 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.