Keyera FY2024 EPS Estimate Raised by National Bank Financial

Keyera Corp. (TSE:KEY) – Equities research analysts at National Bank Financial boosted their FY2024 earnings estimates for Keyera in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $2.32 per share for the year, up from their prior forecast of $2.31. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. National Bank Financial also issued estimates for Keyera’s FY2025 earnings at $2.32 EPS.

Several other equities analysts have also commented on KEY. Barclays set a C$46.00 target price on Keyera and gave the company an “equal weight” rating in a report on Thursday, December 12th. Raymond James boosted their target price on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Scotiabank upped their price target on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group boosted their price target on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Keyera has a consensus rating of “Moderate Buy” and an average price target of C$43.62.

Keyera Price Performance

Shares of KEY opened at C$43.79 on Wednesday. The firm has a market capitalization of C$10.03 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.35 and a beta of 2.09. The firm’s fifty day simple moving average is C$44.36 and its 200-day simple moving average is C$41.58. Keyera has a twelve month low of C$31.16 and a twelve month high of C$47.90. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51.

Insider Transactions at Keyera

In related news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend was Friday, December 13th. Keyera’s payout ratio is currently 139.60%.

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.