Keyera Corp. (TSE:KEY) Receives C$49.00 Average PT from Brokerages

Keyera Corp. (TSE:KEY - Get Free Report) has been assigned a consensus rating of "Buy" from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$51.18.

KEY has been the topic of a number of research reports. ATB Capital boosted their price objective on Keyera from C$46.00 to C$48.00 and gave the stock a "sector perform" rating in a research note on Monday. Raymond James Financial boosted their price target on shares of Keyera from C$51.00 to C$59.00 and gave the stock an "outperform" rating in a research report on Monday. TD Securities upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating and raised their price objective for the company from C$47.00 to C$51.00 in a research report on Friday, June 20th. BMO Capital Markets raised shares of Keyera from a "hold" rating to a "strong-buy" rating and lifted their price objective for the stock from C$45.50 to C$54.00 in a research note on Wednesday, June 18th. Finally, Royal Bank Of Canada increased their target price on shares of Keyera from C$46.00 to C$53.00 and gave the company an "outperform" rating in a research note on Friday, June 20th.

Keyera Price Performance

Shares of TSE KEY traded up C$0.17 during mid-day trading on Friday, reaching C$43.93. 2,884,197 shares of the company traded hands, compared to its average volume of 1,341,491. Keyera has a fifty-two week low of C$35.35 and a fifty-two week high of C$47.90. The firm has a market cap of C$10.12 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The stock has a fifty day simple moving average of C$42.67 and a 200-day simple moving average of C$42.67. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.73%. Keyera's dividend payout ratio is currently 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.