Keyera (KEY) Sets New 12-Month Low at $35.23

Keyera Corp (TSE:KEY)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$35.23 and last traded at C$36.36, with a volume of 727406 shares trading hands. The stock had previously closed at C$35.77.

Several brokerages recently issued reports on KEY. TD Securities decreased their price objective on Keyera from C$46.00 to C$44.00 and set a “buy” rating for the company in a research report on Friday, August 11th. Raymond James Financial reduced their price target on Keyera from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. National Bank Financial reduced their price target on Keyera from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. CIBC reduced their price target on Keyera from C$49.00 to C$46.00 in a research report on Thursday, August 10th. Finally, Scotiabank reduced their price target on Keyera from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Thursday, August 17th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Keyera currently has an average rating of “Buy” and an average price target of C$44.43.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Tuesday, November 21st. Keyera’s dividend payout ratio is currently 128.15%.

In other news, insider Graham Charles Balzun sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of C$35.59, for a total transaction of C$74,739.00.

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Keyera 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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