A number of other research analysts have also recently weighed in on the stock. TD Securities lowered their target price on shares of Keyera Corp from C$46.00 to C$44.00 and set a buy rating on the stock in a research note on Thursday, August 17th. Royal Bank Of Canada lowered their target price on shares of Keyera Corp from C$46.00 to C$45.00 and set an outperform rating on the stock in a research note on Thursday, August 17th. Raymond James Financial, Inc. lowered their target price on shares of Keyera Corp from C$45.00 to C$44.00 and set an outperform rating on the stock in a research note on Thursday, August 17th. National Bank Financial lowered their target price on shares of Keyera Corp from C$50.00 to C$49.00 and set an outperform rating on the stock in a research note on Thursday, August 17th. Finally, CIBC reduced their price target on shares of Keyera Corp from C$49.00 to C$46.00 in a report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Keyera Corp currently has a consensus rating of Buy and a consensus price target of C$44.86.
Keyera Corp (KEY) traded up 0.08% on Wednesday, hitting $38.60. 250,927 shares of the stock traded hands. The company’s 50 day moving average price is $37.41 and its 200-day moving average price is $39.06. The stock has a market cap of $7.27 billion and a price-to-earnings ratio of 28.64. Keyera Corp has a 52-week low of $35.31 and a 52-week high of $42.57.
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The firm also recently announced a monthly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.36%.
In other news, Director Donald J. Nelson purchased 1,850 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average cost of C$35.69 per share, for a total transaction of C$66,026.50. Also, insider Graham Charles Balzun sold 2,100 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of C$35.59, for a total transaction of C$74,739.00.
Keyera Corp Company Profile
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).
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