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

Shares of Keyera Corp. (TSE:KEY - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$45.92.

Several research analysts recently weighed in on the stock. Scotiabank boosted their price target on shares of Keyera from C$50.00 to C$51.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Raymond James upped their price objective on Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. National Bankshares increased their price objective on Keyera from C$41.00 to C$43.00 and gave the company a "sector perform" rating in a report on Thursday, May 22nd. Cibc World Mkts raised Keyera from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, TD Securities increased their target price on shares of Keyera from C$45.00 to C$47.00 and gave the stock a "hold" rating in a research report on Thursday, May 22nd.

Keyera Stock Up 1.3%

KEY traded up C$0.55 during trading on Wednesday, hitting C$42.65. 1,259,935 shares of the company's stock were exchanged, compared to its average volume of 1,137,897. Keyera has a fifty-two week low of C$35.33 and a fifty-two week high of C$47.90. The stock has a market cap of C$9.82 billion, a P/E ratio of 21.98, a PEG ratio of 1.35 and a beta of 2.09. The business's 50 day moving average is C$42.65 and its two-hundred day moving average is C$43.08. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59.

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.88%. Keyera's dividend payout ratio (DPR) is presently 107.20%.

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.