Analysts Set Keyera Corp. (TSE:KEY) PT at C$45.92

Shares of Keyera Corp. (TSE:KEY) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$46.91.

Several brokerages recently weighed in on KEY. TD Securities raised their price target on shares of Keyera from C$45.00 to C$47.00 and gave the company a “hold” rating in a research report on Thursday, May 22nd. CIBC reduced their price target on shares of Keyera from C$48.00 to C$47.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Cibc World Mkts raised shares of Keyera from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Scotiabank raised their price target on shares of Keyera from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Finally, Raymond James raised their price target on shares of Keyera from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd.

Keyera Price Performance

Shares of TSE KEY opened at C$42.02 on Wednesday. Keyera has a fifty-two week low of C$35.33 and a fifty-two week high of C$47.90. The company has a 50 day simple moving average of C$42.54 and a two-hundred day simple moving average of C$43.06. The company has a market capitalization of C$9.68 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 1.35 and a beta of 2.09. 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 Announces Dividend

The firm also recently disclosed 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend was Monday, March 17th. Keyera’s payout ratio is 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.