Keyera Corp. (TSE:KEY) Receives C$42.58 Consensus PT from Analysts

Shares of Keyera Corp. (TSE:KEY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$42.58.

Several equities research analysts have recently issued reports on the stock. National Bankshares raised their price target on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Citigroup lifted their price objective on shares of Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. BMO Capital Markets lifted their price objective on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. Raymond James set a C$47.00 price objective on shares of Keyera and gave the company an "outperform" rating in a research note on Friday, October 11th. Finally, Jefferies Financial Group boosted their price target on shares of Keyera from C$43.00 to C$47.00 and gave the company a "buy" rating in a research report on Monday, September 30th.

Keyera Stock Down 0.2 %

TSE KEY traded down C$0.09 during trading hours on Wednesday, hitting C$45.88. The company's stock had a trading volume of 705,264 shares, compared to its average volume of 1,019,584. Keyera has a 52 week low of C$31.16 and a 52 week high of C$47.90. The company's 50-day simple moving average is C$43.94 and its two-hundred day simple moving average is C$40.25. 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 company has a market capitalization of C$10.51 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Friday, December 13th. Keyera's dividend payout ratio (DPR) is presently 139.60%.

Keyera Company Profile

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.