Analysts Set Keyera Corp. (TSE:KEY) Target Price at C$43.62

Shares of Keyera Corp. (TSE:KEY) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Four equities research 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 analysts that have covered the stock in the last year is C$43.62.

KEY has been the subject of several analyst reports. Scotiabank upped their target price on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays set a C$46.00 price objective on shares of Keyera and gave the company an “equal weight” rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Raymond James boosted their target price on shares of Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada increased their price target on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th.

Keyera Stock Up 0.8 %

Shares of TSE KEY opened at C$44.71 on Friday. The firm has a market cap of C$10.25 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. Keyera has a 1 year low of C$31.16 and a 1 year high of C$47.90. The firm’s 50 day moving average price is C$44.32 and its 200 day moving average price is C$41.52.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.52 per share. The ex-dividend date was Friday, December 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.65%. Keyera’s payout ratio is currently 139.60%.

Insiders Place Their Bets

In other news, Director James Vance Bertram sold 50,000 shares of Keyera stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is owned by company 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.