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

Keyera Corp. (TSE:KEY - Get Free Report) has earned an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$49.00.

KEY has been the topic of several research analyst reports. BMO Capital Markets raised Keyera from a "hold" rating to a "strong-buy" rating and increased their price target for the company from C$45.50 to C$54.00 in a report on Wednesday. TD Securities increased their price target on Keyera from C$47.00 to C$51.00 in a report on Friday. Scotiabank increased their price target on Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Raymond James Financial increased their price target on Keyera from C$50.00 to C$51.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada increased their price target on Keyera from C$46.00 to C$53.00 in a report on Friday.

Keyera Stock Performance

KEY stock opened at C$44.27 on Friday. The stock has a market capitalization of C$10.20 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 12-month low of C$35.35 and a 12-month high of C$47.90. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The stock's 50 day simple moving average is C$42.56 and its 200 day simple moving average is C$42.70.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, June 16th. Keyera's dividend payout ratio 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.

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