Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$44.08

Keyera Corp. (TSE:KEY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$44.08.

Several analysts have recently commented on the stock. National Bankshares increased their price target on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Scotiabank increased their price objective on shares of Keyera from C$48.00 to C$50.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Barclays set a C$46.00 price objective on shares of Keyera and gave the company an "equal weight" rating in a report on Thursday, December 12th. Citigroup increased their price objective on shares of Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Finally, ATB Capital increased their price objective on shares of Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th.

Insider Buying and Selling

In related news, Director James Vance Bertram sold 50,000 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is currently owned by company insiders.

Keyera Price Performance

Shares of KEY traded up C$0.27 during mid-day trading on Thursday, hitting C$42.68. 875,281 shares of the company traded hands, compared to its average volume of 1,068,509. Keyera has a one year low of C$31.16 and a one year high of C$47.90. 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 business has a 50-day moving average of C$44.29 and a 200 day moving average of C$42.09. The stock has a market capitalization of C$9.78 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.87%. Keyera's payout ratio is 139.60%.

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.