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

Keyera Corp. (TSE:KEY) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$38.18.

Several brokerages have recently issued reports on KEY. Stifel Nicolaus lifted their price target on Keyera from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. National Bankshares lifted their price target on Keyera from C$34.00 to C$35.00 in a report on Wednesday, May 15th. Citigroup lifted their price target on Keyera from C$37.00 to C$40.00 and gave the company a “buy” rating in a report on Thursday, May 16th. TD Securities lifted their price target on Keyera from C$38.00 to C$39.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Finally, Scotiabank lifted their price target on Keyera from C$38.00 to C$40.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th.

Keyera Trading Down 2.5 %

Shares of TSE KEY opened at C$36.59 on Wednesday. Keyera has a one year low of C$29.31 and a one year high of C$37.96. The firm has a market capitalization of C$8.38 billion, a PE ratio of 23.46, a PEG ratio of 1.35 and a beta of 2.11. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 148.21. The business has a 50-day moving average price of C$35.72 and a two-hundred day moving average price of C$33.98.

Keyera (TSE:KEY) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.31 EPS for the quarter, missing analysts’ consensus estimates of C$0.52 by C($0.21). The business had revenue of C$1.52 billion for the quarter, compared to analyst estimates of C$1.92 billion. Keyera had a return on equity of 12.77% and a net margin of 5.26%. As a group, analysts predict that Keyera will post 2.1818182 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 28th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.47%. The ex-dividend date is Friday, June 14th. Keyera’s dividend payout ratio is currently 128.21%.

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.