Keyera Corp. (TSE:KEY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$41.50.
Several equities research analysts have recently weighed in on KEY shares. Royal Bank of Canada upped their target price on Keyera from C$44.00 to C$45.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Scotiabank upped their target price on Keyera from C$40.00 to C$42.00 and gave the stock an "outperform" rating in a research report on Monday, July 15th. CIBC upped their target price on Keyera from C$37.00 to C$39.00 in a research report on Monday, July 15th. Citigroup upped their target price on Keyera from C$40.00 to C$46.00 and gave the stock a "buy" rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group boosted their price target on Keyera from C$43.00 to C$47.00 and gave the stock a "buy" rating in a research note on Monday, September 30th.
Read Our Latest Research Report on KEY
In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of Keyera stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total transaction of C$74,953.79. Company insiders own 0.39% of the company's stock.
Shares of KEY stock opened at C$43.94 on Tuesday. The company has a market cap of C$10.07 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The stock has a 50 day simple moving average of C$40.93 and a 200-day simple moving average of C$38.02. Keyera has a 12-month low of C$31.16 and a 12-month high of C$44.56. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51.
Keyera (TSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, topping the consensus estimate of C$0.54 by C$0.08. The company had revenue of C$1.72 billion during the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. On average, equities analysts forecast that Keyera will post 2.2166667 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from Keyera's previous quarterly dividend of $0.50. Keyera's payout ratio is currently 139.60%.
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.
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