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

Key Points

• Keyera Corp. has received an average rating of "Buy" from thirteen research firms, with an average twelve-month target price of C$51.36.
• The company recently increased its quarterly dividend to $0.54 per share, resulting in a 5.0% annual yield.
• Keyera's stock has a market capitalization of C$9.82 billion and operates primarily in midstream energy, focusing on the gathering and processing of natural gas in Alberta, Canada.

Shares of Keyera Corp. (TSE:KEY - Get Free Report) have been given an average rating of "Buy" by the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$51.36.

A number of equities research analysts recently weighed in on the company. CIBC boosted their price objective on Keyera from C$56.00 to C$57.00 and gave the stock an "outperform" rating in a research report on Thursday, October 9th. Tudor Pickering upgraded Keyera from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 25th. Citigroup boosted their price objective on Keyera from C$50.00 to C$51.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, Wells Fargo & Company boosted their price objective on Keyera from C$46.00 to C$47.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 13th.

Keyera Price Performance

Keyera stock opened at C$42.84 on Friday. The stock has a market capitalization of C$9.82 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. Keyera has a 52 week low of C$37.80 and a 52 week high of C$47.90. 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 stock has a fifty day moving average of C$44.87 and a 200-day moving average of C$43.49.

Keyera Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were given a dividend of $0.54 per share. The ex-dividend date was Monday, September 15th. This represents a $2.16 dividend on an annualized basis and a yield of 5.0%. This is an increase from Keyera's previous quarterly dividend of $0.52. Keyera's dividend payout ratio is presently 90.04%.

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.

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