National Bank Financial Predicts Keyera FY2024 Earnings

Keyera Corp. (TSE:KEY) – Investment analysts at National Bank Financial upped their FY2024 EPS estimates for Keyera in a research note issued to investors on Thursday, November 14th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $2.31 for the year, up from their previous estimate of $2.08. 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 $2.27 EPS.

KEY has been the topic of several other research reports. Royal Bank of Canada lifted their price target on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. National Bankshares upped their price objective on Keyera from C$38.00 to C$39.00 in a research note on Friday. ATB Capital lifted their target price on Keyera from C$43.00 to C$44.00 in a research note on Friday. Raymond James set a C$47.00 price objective on shares of Keyera and gave the company an “outperform” rating in a research note on Friday, October 11th. Finally, Jefferies Financial Group increased their target price on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Three investment 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 MarketBeat, Keyera has an average rating of “Moderate Buy” and a consensus price target of C$42.25.

Keyera Price Performance

Keyera stock opened at C$45.11 on Monday. The company has a fifty day simple moving average of C$42.78 and a 200-day simple moving average of C$39.39. The stock has a market cap of C$10.34 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 12-month low of C$31.16 and a 12-month high of C$45.51. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.52 dividend. This is an increase from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 13th. This represents a $2.08 annualized dividend and a yield of 4.61%. Keyera’s payout ratio is presently 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.