Analysts Set Keyera Corp. (TSE:KEY) Price Target at C$44.77

Keyera Corp. (TSE:KEY) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$44.77.

KEY has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Cibc World Mkts raised Keyera from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. ATB Capital lifted their target price on Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. BMO Capital Markets boosted their price objective on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Finally, Scotiabank boosted their price objective on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th.

Insider Buying and Selling at Keyera

In related news, Director James Vance Bertram sold 50,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Corporate insiders own 0.39% of the company’s stock.

Keyera Stock Down 1.2 %

Shares of TSE:KEY opened at C$42.32 on Monday. The stock has a market cap of C$9.75 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. Keyera has a 12-month low of C$33.00 and a 12-month high of C$47.90. The business’s 50 day moving average is C$42.72 and its 200 day moving average is C$42.65.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.91%. Keyera’s payout ratio is presently 107.20%.

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.