Taylor Timothy Kitchen Buys 500 Shares of Keyera (TSE:KEY) Stock

Keyera Corp. (TSE:KEY) Director Taylor Timothy Kitchen bought 500 shares of Keyera stock in a transaction that occurred on Friday, September 4th. The shares were acquired at an average price of C$55.74 per share, with a total value of C$27,870.00. Following the acquisition, the director directly owned 7,500 shares of the company’s stock, valued at C$418,050. The trade was a 7.14% increase in their position.

Keyera Trading Down 0.5%

Shares of TSE:KEY opened at C$56.69 on Thursday. The company’s 50-day moving average price is C$58.69 and its two-hundred day moving average price is C$55.75. Keyera Corp. has a one year low of C$40.09 and a one year high of C$61.41. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The stock has a market capitalization of C$16.64 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46.

Keyera (TSE:KEY) last released its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The business had revenue of C$2.40 billion for the quarter. On average, equities analysts forecast that Keyera Corp. will post 2.2166667 EPS for the current fiscal year.

Keyera Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a boost from Keyera’s previous quarterly dividend of $0.54. Keyera’s payout ratio is currently 141.18%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KEY shares. Jefferies Financial Group set a C$65.00 target price on shares of Keyera and gave the stock a “buy” rating in a report on Tuesday, May 19th. Scotiabank lifted their price objective on shares of Keyera from C$65.00 to C$66.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st. Scotia boosted their price objective on shares of Keyera from C$88.00 to C$92.00 and gave the stock a “sector perform” rating in a research note on Friday, September 4th. National Bank Financial upped their target price on shares of Keyera from C$61.00 to C$62.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Finally, Desjardins raised their target price on shares of Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Keyera currently has a consensus rating of “Moderate Buy” and a consensus target price of C$73.00.

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