Keyera Corp. (TSE:KEY) Receives C$43.62 Average PT from Analysts

Shares of Keyera Corp. (TSE:KEY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$43.62.

KEY has been the subject of a number of recent research reports. Raymond James lifted their target price on Keyera from C$47.00 to C$48.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Barclays set a C$46.00 price objective on Keyera and gave the company an "equal weight" rating in a research note on Thursday, December 12th. ATB Capital upped their target price on shares of Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. Scotiabank lifted their price target on shares of Keyera from C$48.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, National Bankshares increased their price objective on shares of Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th.

Keyera Stock Down 0.5 %

KEY stock traded down C$0.22 during midday trading on Friday, hitting C$43.30. The company's stock had a trading volume of 1,357,801 shares, compared to its average volume of 1,052,095. Keyera has a 52-week low of C$31.16 and a 52-week high of C$47.90. The firm has a 50-day simple moving average of C$44.26 and a 200-day simple moving average of C$41.27. 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$9.92 billion, a P/E ratio of 29.06, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.80%. Keyera's dividend payout ratio (DPR) is currently 139.60%.

Insider Activity at Keyera

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