Key Points
- Keyera director Taylor Timothy Kitchen bought 500 shares at an average price of C$55.74, investing C$27,870 and increasing their direct holdings by 7.14% to 7,500 shares.
- Keyera increased its quarterly dividend to C$0.5625 per share, implying an annualized payout of C$2.25 and a 3.9% yield.
- Analysts maintain a “Moderate Buy” consensus on the stock, with 11 Buy ratings and four Holds and an average price target of C$73.00.
Keyera Corp. (TSE:KEY - Get Free Report) Director Taylor Timothy Kitchen acquired 500 shares of Keyera stock in a transaction on Friday, September 4th. The shares were purchased at an average cost of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the purchase, the director directly owned 7,500 shares of the company's stock, valued at approximately C$418,050. This represents a 7.14% increase in their position.
Keyera Stock Performance
Shares of KEY opened at C$56.97 on Wednesday. The company has a 50-day moving average of C$58.70 and a two-hundred day moving average of C$55.72. The stock has a market cap of C$16.72 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.35 and a beta of 0.46. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. Keyera Corp. has a one year low of C$40.09 and a one year high of C$61.41.
Keyera (TSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The business had revenue of C$2.40 billion for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. On average, equities research analysts expect that Keyera Corp. will post 2.2166667 earnings per share for the current year.
Keyera Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th. This is a positive change from Keyera's previous quarterly dividend of $0.54. Keyera's dividend payout ratio is presently 141.18%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on KEY. TD reduced their target price on Keyera from C$70.00 to C$67.00 and set a "buy" rating for the company in a report on Friday, September 4th. Royal Bank Of Canada upped their price target on Keyera from C$62.00 to C$66.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Barclays increased their price objective on Keyera from C$56.00 to C$61.00 in a research note on Friday, August 7th. Stifel Nicolaus raised their price objective on Keyera from C$85.00 to C$90.00 and gave the stock a "hold" rating in a research report on Friday, September 4th. Finally, ATB Cormark Capital Markets lifted their target price on Keyera from C$55.00 to C$58.00 and gave the company a "sector perform" rating in a research note on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$73.00.
View Our Latest Research Report on Keyera
Keyera Company Profile
(
Get Free Report)
Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.
Further Reading
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