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

Shares of Keyera Corp. (TSE:KEY - Get Free Report) have been assigned an average rating of "Buy" from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$51.27.

KEY has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. ATB Capital boosted their price objective on shares of Keyera from C$46.00 to C$48.00 and gave the stock a "sector perform" rating in a report on Monday, June 23rd. CIBC boosted their price objective on shares of Keyera from C$47.00 to C$56.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd. Scotiabank upped their price target on shares of Keyera from C$51.00 to C$54.00 and gave the company an "outperform" rating in a report on Monday, June 23rd. Finally, BMO Capital Markets upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating and upped their price target for the company from C$45.50 to C$54.00 in a report on Wednesday, June 18th.

Keyera Price Performance

TSE:KEY traded up C$0.36 during mid-day trading on Thursday, hitting C$44.19. 743,577 shares of the stock traded hands, compared to its average volume of 1,315,643. The business's 50-day moving average price is C$42.94 and its 200 day moving average price is C$42.63. The company has a market cap of C$10.18 billion, a PE ratio of 22.78, 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 quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59.

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Monday, June 16th. Keyera's 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.