Keyera Corp. (TSE:KEY) Receives C$62.69 Consensus Price Target from Brokerages

Keyera Corp. (TSE:KEY) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$62.69.

Several analysts have commented on the company. Canadian Imperial Bank of Commerce increased their target price on Keyera from C$63.00 to C$65.00 in a research note on Tuesday, June 16th. BMO Capital Markets boosted their price target on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Raymond James Financial decreased their price target on Keyera from C$66.00 to C$65.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Jefferies Financial Group set a C$65.00 price target on Keyera and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada increased their price objective on Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a research report on Monday, August 10th.

Keyera Trading Down 1.3%

Shares of TSE KEY opened at C$59.36 on Friday. The firm’s 50 day moving average price is C$58.56 and its 200-day moving average price is C$55.27. Keyera has a 52-week low of C$40.09 and a 52-week high of C$61.41. 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 company has a market cap of C$17.42 billion, a PE ratio of 38.80, a P/E/G ratio of 1.35 and a beta of 0.48.

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

Keyera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.54 per share. The ex-dividend date was Monday, June 15th. This represents a $2.16 annualized dividend and a yield of 3.6%. Keyera’s dividend payout ratio is currently 141.18%.

About Keyera

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.