Analysts Set Keyera Corp. (TSE:KEY) PT at C$36.72

Keyera Corp. (TSE:KEY) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$36.67.

KEY has been the topic of a number of analyst reports. Citigroup raised their price objective on shares of Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. BMO Capital Markets increased their price objective on Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. National Bankshares raised their target price on Keyera from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. CIBC increased their price target on shares of Keyera from C$35.00 to C$36.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, TD Securities boosted their price objective on shares of Keyera from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th.

Keyera Price Performance

KEY stock opened at C$35.82 on Tuesday. The business’s 50-day moving average is C$34.49 and its two-hundred day moving average is C$33.15. The company has a debt-to-equity ratio of 154.22, a current ratio of 1.34 and a quick ratio of 0.57. The firm has a market capitalization of C$8.21 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.33 and a beta of 2.12. Keyera has a 1 year low of C$29.31 and a 1 year high of C$35.97.

Keyera (TSE:KEY) last released its earnings results on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.37. The firm had revenue of C$2.30 billion for the quarter, compared to analyst estimates of C$1.59 billion. Keyera had a net margin of 6.01% and a return on equity of 15.15%. Analysts anticipate that Keyera will post 1.9117965 earnings per share for the current fiscal year.

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 5.58%. Keyera’s dividend payout ratio is presently 108.11%.

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.