Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$41.50

Shares of Keyera Corp. (TSE:KEY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven research firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$41.50.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Keyera from C$44.00 to C$45.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. CIBC raised their price objective on Keyera from C$37.00 to C$39.00 in a research note on Monday, July 15th. Jefferies Financial Group increased their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. ATB Capital boosted their price target on Keyera from C$36.00 to C$39.00 in a report on Wednesday, July 24th. Finally, BMO Capital Markets increased their target price on shares of Keyera from C$40.00 to C$41.00 and gave the stock a "hold" rating in a report on Thursday, September 5th.

Keyera Stock Performance

Shares of Keyera stock traded down C$0.12 during trading hours on Friday, reaching C$43.69. 722,900 shares of the stock traded hands, compared to its average volume of 1,000,116. The company has a 50 day moving average price of C$42.35 and a 200 day moving average price of C$39.07. Keyera has a one year low of C$31.16 and a one year high of C$44.56. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The firm has a market capitalization of C$10.01 billion, a price-to-earnings ratio of 29.32, a P/E/G ratio of 1.35 and a beta of 2.09.

Keyera (TSE:KEY - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.54 by C$0.08. Keyera had a return on equity of 12.02% and a net margin of 4.86%. The company had revenue of C$1.72 billion for the quarter. On average, equities research analysts expect that Keyera will post 2.2166667 earnings per share for the current fiscal year.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a $0.52 dividend. This is a positive change from Keyera's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.08 dividend on an annualized basis and a yield of 4.76%. Keyera's payout ratio is presently 139.60%.

Insider Buying and Selling

In related news, Senior Officer Eileen Marikar sold 1,888 shares of Keyera stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total value of C$74,953.79. 0.39% of the stock is owned by corporate insiders.

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.