Keyera (KEY) Hits New 12-Month Low at $32.19

Keyera Corp (TSE:KEY) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$32.19 and last traded at C$32.45, with a volume of 149255 shares traded. The stock had previously closed at C$32.92.

A number of equities research analysts recently issued reports on KEY shares. CIBC dropped their target price on shares of Keyera from C$46.00 to C$45.00 in a research report on Wednesday, October 24th. Raymond James increased their target price on shares of Keyera from C$42.00 to C$43.00 in a research report on Friday, October 5th. Finally, BMO Capital Markets increased their target price on shares of Keyera from C$41.00 to C$43.00 in a research report on Tuesday, September 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Keyera currently has a consensus rating of “Buy” and an average target price of C$43.20.

Keyera (TSE:KEY) last announced its earnings results on Wednesday, August 8th. The company reported C$0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.37 by C$0.15. The business had revenue of C$1.08 billion during the quarter, compared to analysts’ expectations of C$972.50 million. Keyera had a net margin of 8.57% and a return on equity of 15.95%.

The company also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 15th will be given a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Friday, October 19th.

In other Keyera news, insider Michael Andrew Freeman sold 3,200 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of C$37.23, for a total transaction of C$119,136.00.

Keyera Company Profile (TSE:KEY)

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 Marketing segment is involved in the marketing of NGLs, such as propane, butane, condensate, sulphur, and iso-octane, as well as various crude oil midstream activities.

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