Keyera (TSE:KEY) Director Taylor Timothy Kitchen Buys 500 Shares of Stock

Keyera Corp. (TSE:KEY) Director Taylor Timothy Kitchen acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average cost of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the purchase, the director owned 7,500 shares of the company’s stock, valued at C$418,050. This trade represents a 7.14% increase in their ownership of the stock.

Keyera Trading Up 1.3%

TSE:KEY traded up C$0.72 during mid-day trading on Tuesday, hitting C$57.05. The company had a trading volume of 608,014 shares, compared to its average volume of 1,433,782. Keyera Corp. has a fifty-two week low of C$40.09 and a fifty-two week high of C$61.41. The business’s fifty day moving average is C$58.70 and its two-hundred day moving average is C$55.68. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The firm has a market cap of C$16.74 billion, a P/E ratio of 37.29, a P/E/G ratio of 1.35 and a beta of 0.46.

Keyera (TSE:KEY) last posted its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The company had revenue of C$2.40 billion during the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. As a group, research analysts expect that Keyera Corp. will post 2.2166667 earnings per share for the current year.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 3.9%. This is a boost from Keyera’s previous quarterly dividend of $0.54. The ex-dividend date is Tuesday, September 15th. Keyera’s dividend payout ratio (DPR) is 141.18%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KEY shares. Stifel Nicolaus upped their price objective on shares of Keyera from C$85.00 to C$90.00 and gave the company a “hold” rating in a research report on Friday. ATB Cormark Capital Markets boosted their target price on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th. BMO Capital Markets dropped their price target on Keyera from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Friday. TD cut their price objective on Keyera from C$70.00 to C$67.00 and set a “buy” rating on the stock in a report on Friday. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Keyera currently has a consensus rating of “Moderate Buy” and an average price target of C$73.00.

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.