Keyera Corp. (TSE:KEY) Declares Quarterly Dividend of $0.52

Keyera Corp. (TSE:KEY) declared a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.52 per share on Tuesday, December 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, December 13th.

Keyera Stock Down 1.0 %

KEY stock traded down C$0.45 during mid-day trading on Wednesday, reaching C$44.19. The company had a trading volume of 1,848,701 shares, compared to its average volume of 1,023,115. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The stock has a 50 day simple moving average of C$44.28 and a two-hundred day simple moving average of C$40.56. The company has a market capitalization of C$10.13 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a 52 week low of C$31.16 and a 52 week high of C$47.90.

Analyst Upgrades and Downgrades

KEY has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Citigroup raised their price objective on Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. Raymond James set a C$47.00 price objective on Keyera and gave the company an “outperform” rating in a research report on Friday, October 11th. Royal Bank of Canada raised their price objective on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, National Bankshares lifted their price target on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.58.

Insider Buying and Selling at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of Keyera stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. Insiders own 0.39% of the company’s stock.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment 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; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.