Keyera Corp. (TSE:KEY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Keyera Corp. (TSE:KEY) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$57.29.

Several brokerages have issued reports on KEY. TD Securities boosted their target price on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, February 13th. BMO Capital Markets boosted their target price on shares of Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Citigroup upped their price target on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. TD upped their price target on shares of Keyera from C$60.00 to C$61.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets upped their price target on shares of Keyera from C$52.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Friday, May 15th.

Keyera Price Performance

Shares of TSE:KEY opened at C$58.71 on Wednesday. The company’s fifty day moving average is C$52.58 and its two-hundred day moving average is C$47.98. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10. Keyera has a 12-month low of C$40.09 and a 12-month high of C$59.02. The company has a market cap of C$13.46 billion, a P/E ratio of 74.32, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56.

Keyera (TSE:KEY) last announced its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The firm had revenue of C$1.30 billion for the quarter. Equities analysts expect that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.7%. Keyera’s dividend payout ratio is 270.89%.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.