Keyera Corp (KEY) Receives Average Rating of “Buy” from Brokerages
Shares of Keyera Corp (TSE:KEY) have been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$44.33.
A number of analysts have recently commented on the stock. CIBC cut their target price on shares of Keyera Corp from C$46.00 to C$45.00 in a research note on Tuesday, October 17th. Scotiabank reissued a “sector perform” rating and set a C$41.00 target price on shares of Keyera Corp in a research note on Wednesday, October 11th. TD Securities cut their target price on shares of Keyera Corp from C$44.00 to C$43.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. National Bank Financial cut their target price on shares of Keyera Corp from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Thursday, August 10th. Finally, Raymond James Financial, Inc. dropped their price objective on shares of Keyera Corp from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research note on Friday, August 11th.
Shares of Keyera Corp (KEY) opened at C$36.36 on Thursday. Keyera Corp has a one year low of C$35.31 and a one year high of C$42.57.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, November 21st. This represents a $1.68 annualized dividend and a yield of 4.62%. Keyera Corp’s dividend payout ratio is presently 128.15%.
In other news, insider Graham Charles Balzun sold 2,100 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of C$35.59, for a total value of C$74,739.00.
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Keyera Corp Company Profile
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).
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