Keyera (KEY) Set to Announce Earnings on Thursday

Keyera (TSE:KEY) will be posting its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Keyera to post earnings of C$0.60 per share for the quarter.

Keyera (TSE:KEY) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.54 by C$0.08. Keyera had a return on equity of 12.02% and a net margin of 4.86%. The firm had revenue of C$1.72 billion for the quarter.

Keyera Trading Up 0.9 %

TSE KEY opened at C$43.25 on Thursday. The stock has a 50-day moving average of C$42.14 and a 200-day moving average of C$38.89. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. Keyera has a 1-year low of C$31.16 and a 1-year high of C$44.56. The firm has a market cap of C$9.91 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from Keyera’s previous quarterly dividend of $0.50. Keyera’s dividend payout ratio (DPR) is 139.60%.

Insider Activity

In related news, Senior Officer Eileen Marikar sold 1,888 shares of Keyera stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total value of C$74,953.79. 0.39% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on KEY shares. ATB Capital upped their target price on Keyera from C$36.00 to C$39.00 in a report on Wednesday, July 24th. CIBC lifted their target price on shares of Keyera from C$37.00 to C$39.00 in a research note on Monday, July 15th. BMO Capital Markets raised their price objective on shares of Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. National Bankshares upped their target price on Keyera from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Finally, Raymond James set a C$47.00 target price on Keyera and gave the company an “outperform” rating in a research note on Friday, October 11th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Keyera presently has a consensus rating of “Moderate Buy” and an average price target of C$41.50.

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.