Keyera Corp. (TSE:KEY) Given Average Recommendation of “Moderate Buy” by Analysts

Keyera Corp. (TSE:KEY) has received an average rating of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$42.25.

Several research analysts have weighed in on the stock. Citigroup upped their target price on shares of Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. ATB Capital increased their price target on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday. National Bankshares increased their price target on shares of Keyera from C$38.00 to C$39.00 in a research report on Friday. BMO Capital Markets increased their price target on shares of Keyera from C$41.00 to C$44.00 in a research report on Friday. Finally, Raymond James set a C$47.00 price target on shares of Keyera and gave the company an “outperform” rating in a research report on Friday, October 11th.

Keyera Trading Up 1.4 %

Shares of KEY opened at C$45.11 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The firm’s 50-day moving average is C$42.78 and its two-hundred day moving average is C$39.39. Keyera has a twelve month low of C$31.16 and a twelve month high of C$45.51. The firm has a market capitalization of C$10.34 billion, a P/E ratio of 30.28, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, September 13th. This is a boost from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.61%. Keyera’s payout ratio is currently 139.60%.

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.