Analysts Set Keyera Corp. (TSE:KEY) Price Target at C$51.00

Keyera Corp. (TSE:KEY) has earned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$51.00.

KEY has been the subject of a number of research analyst reports. TD Securities decreased their target price on Keyera from C$54.00 to C$52.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Barclays cut their price target on Keyera from C$45.00 to C$43.00 in a research note on Thursday, January 8th. BMO Capital Markets lowered their price objective on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Finally, National Bankshares cut their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 20th.

Keyera Trading Up 3.1%

Shares of KEY opened at C$49.17 on Monday. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The firm has a market capitalization of C$11.27 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 1.35 and a beta of 0.58. The company has a 50-day moving average of C$44.38 and a 200 day moving average of C$44.11. Keyera has a 1-year low of C$37.80 and a 1-year high of C$49.19.

Keyera (TSE:KEY) last issued its earnings results on Friday, November 14th. The company reported C$0.79 EPS for the quarter. The business had revenue of C$1.79 billion for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. On average, research analysts expect that Keyera will post 2.2166667 EPS for the current year.

Keyera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, December 15th. Keyera’s dividend payout ratio (DPR) is presently 112.30%.

Keyera Company Profile

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.