Keyera Corp (TSE:KEY) Receives C$40.39 Consensus Price Target from Analysts

Shares of Keyera Corp (TSE:KEY) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$40.39.

Several analysts have recently issued reports on the stock. Raymond James reiterated an “outperform” rating and issued a C$42.00 target price on shares of Keyera in a research note on Wednesday, August 7th. CSFB upgraded shares of Keyera from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$32.00 to C$40.00 in a research note on Wednesday, August 7th.

KEY traded up C$0.10 during trading on Thursday, hitting C$30.34. 436,700 shares of the company’s stock were exchanged, compared to its average volume of 561,400. The company has a quick ratio of 0.82, a current ratio of 1.13 and a debt-to-equity ratio of 102.52. The business’s 50 day moving average is C$32.17 and its two-hundred day moving average is C$32.69. Keyera has a fifty-two week low of C$24.05 and a fifty-two week high of C$35.84. The stock has a market cap of $6.50 billion and a P/E ratio of 14.11.

Keyera (TSE:KEY) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.39 by C$0.64. The business had revenue of C$960.53 million for the quarter, compared to analyst estimates of C$1.13 billion. On average, sell-side analysts forecast that Keyera will post 1.79 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.92 annualized dividend and a dividend yield of 6.33%. Keyera’s payout ratio is 83.22%.

In other news, Director James Vance Bertram sold 31,400 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$33.06, for a total value of C$1,038,084.00. Following the completion of the sale, the director now owns 838,000 shares in the company, valued at approximately C$27,704,280.

About Keyera

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.

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Analyst Recommendations for Keyera (TSE:KEY)

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