Keyera Corp. (TSE:KEY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Keyera Corp. (TSE:KEY) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$44.77.

KEY has been the topic of a number of research analyst reports. CIBC lifted their price target on Keyera from C$46.00 to C$48.00 in a research note on Friday, February 14th. Cibc World Mkts raised shares of Keyera from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, TD Securities set a C$45.00 target price on shares of Keyera and gave the company a “hold” rating in a research report on Wednesday, January 15th.

Keyera Price Performance

Keyera stock opened at C$40.05 on Tuesday. The stock has a market capitalization of C$9.23 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.35 and a beta of 2.09. The company’s fifty day moving average price is C$42.35 and its 200 day moving average price is C$43.21. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a 1 year low of C$34.38 and a 1 year high of C$47.90.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 5.19%. Keyera’s dividend payout ratio is presently 107.20%.

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.