Brokerages Set Keyera Corp. (TSE:KEY) Price Target at C$36.72

Keyera Corp. (TSE:KEY) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$36.67.

A number of research analysts recently issued reports on KEY shares. CIBC boosted their price objective on Keyera from C$35.00 to C$36.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Jefferies Financial Group set a C$38.00 price objective on shares of Keyera and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Citigroup lifted their target price on shares of Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Stifel Nicolaus increased their price target on Keyera from C$32.00 to C$38.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, BMO Capital Markets boosted their price objective on Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th.

Keyera Stock Up 0.6 %

KEY opened at C$35.82 on Tuesday. The firm’s 50 day simple moving average is C$34.49 and its two-hundred day simple moving average is C$33.15. The company has a market capitalization of C$8.21 billion, a PE ratio of 19.36, a PEG 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. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 154.22.

Keyera (TSE:KEY) last announced its earnings results on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.37. The company had revenue of C$2.30 billion for the quarter, compared to analysts’ expectations of C$1.59 billion. Keyera had a return on equity of 15.15% and a net margin of 6.01%. As a group, equities analysts forecast that Keyera will post 1.9117965 EPS for the current year.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.58%. The ex-dividend date was Thursday, March 14th. Keyera’s dividend payout ratio is 108.11%.

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.