Keyera Corp. (TSE: KEY) got a consensus “buy” recommendation from the seventeen analysts who cover the company, reports Marketbeat.com. Five equity research analysts rated the stock with a keep recommendation and nine issued a buy recommendation on the company. The one-year average price target among analysts who updated their stock coverage in the past year is C $ 34.27.
Several analysts recently published reports on KEY stocks. Tudor Pickering & Holt set a price target of C $ 34.00 for Keyera shares and assigned the company a “buy” rating in a research note on Wednesday, November 24. TD Securities reduced its target price for Keyera shares from C $ 37.00 to C $ 36.00 and established a “buy” rating for the stock in a report released on Thursday, November 4. Tudor Pickering reiterated a “buy” note and issued a target price of C $ 34.00 on Keyera shares in a report released on Wednesday, November 24. Royal Bank of Canada lowered its price target for Keyera shares from C $ 36.00 to C $ 34.00 and established an “outperform” rating for the stock in a report released on Thursday, November 4th. Finally, BMO Capital Markets reaffirmed a “market return” rating for Keyera shares in a report released on Tuesday, September 21.
KEY stock opened at C $ 28.21 on Friday. The stock has a market capitalization of C $ 6.24 billion and a price-to-earnings ratio of 39.13. The company has a 50-day simple moving average of C $ 29.74 and a 200-day simple moving average of C $ 31.39. The company has a quick ratio of 0.76, a current ratio of 1.14 and a debt ratio of 132.45. Keyera has a 52-week low of C $ 22.13 and a 52-week high of C $ 35.75.
Keyera (TSE: KEY) last published its results on Wednesday, November 3. The company reported EPS of C $ 0.35 for the quarter, missing analyst consensus estimates of C $ 0.40 per (C $ 0.05). The company reported sales of C $ 1.20 billion for the quarter. On average, analysts expect Keyera to post earnings per share of 1.71 for the current year.
The firm also recently unveiled a monthly dividend, which will be paid on Monday, January 17. Shareholders of record on Wednesday, December 22 will receive a dividend of $ 0.16 per share. This represents an annualized dividend of $ 1.92 and a yield of 6.81%. The ex-dividend date for this dividend is Tuesday, December 21. Keyera’s payout ratio is currently 266.30%.
Keyera Company Profile
Keyera Corp. operates in the energy infrastructure sector in Canada. It operates through the collection and processing, liquids infrastructure and marketing segments. The Collection and Processing segment of the Company owns and operates raw gas collection pipelines and processing plants, which collect and process raw natural gas, dispose of waste and separate economic components, primarily natural gas liquids; and provides condensate treatment services.
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