Keyera Corp. (TSE:KEY) Receives C$36.72 Average PT from Brokerages

Keyera Corp. (TSE:KEY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$36.72.

Several research firms have recently weighed in on KEY. BMO Capital Markets raised their price objective on shares of Keyera from C$35.00 to C$36.00 and gave the stock a "market perform" rating in a report on Thursday, February 15th. Citigroup raised their price target on shares of Keyera from C$35.00 to C$37.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. TD Securities raised their price target on shares of Keyera from C$37.00 to C$38.00 and gave the company a "buy" rating in a report on Thursday, February 15th. National Bankshares raised their price target on shares of Keyera from C$33.00 to C$34.00 and gave the company a "sector perform" rating in a report on Tuesday, January 30th. Finally, Jefferies Financial Group set a C$38.00 price objective on shares of Keyera and gave the company a "buy" rating in a research note on Tuesday, February 27th.

Keyera Price Performance

Shares of TSE KEY traded up C$0.51 during mid-day trading on Tuesday, hitting C$35.74. 852,258 shares of the stock were exchanged, compared to its average volume of 867,987. The company has a market cap of C$8.19 billion, a P/E ratio of 19.32, a PEG ratio of 1.33 and a beta of 2.12. The stock's fifty day simple moving average is C$34.24 and its two-hundred day simple moving average is C$33.06. The company has a debt-to-equity ratio of 154.22, a quick ratio of 0.57 and a current ratio of 1.34. Keyera has a twelve month low of C$29.31 and a twelve month high of C$35.90.

Keyera (TSE:KEY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, topping the consensus estimate of C$0.56 by C$0.37. The company had revenue of C$2.30 billion during the quarter, compared to analyst estimates of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%. As a group, analysts forecast that Keyera will post 1.9117965 EPS for the current fiscal year.

Keyera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were given a $0.50 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.00 annualized dividend and a yield of 5.60%. Keyera's dividend payout ratio is currently 108.11%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.