Analysts Offer Predictions for Keyera FY2024 Earnings

Keyera Corp. (TSE:KEY) – Equities research analysts at National Bank Financial upped their FY2024 earnings per share estimates for Keyera in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will earn $2.32 per share for the year, up from their previous estimate 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.

KEY has been the subject of several other research reports. Jefferies Financial Group increased their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada lifted their target price on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. BMO Capital Markets lifted their price objective on Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. Scotiabank raised their price target on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, ATB Capital boosted their price target on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$43.62.

Keyera Stock Up 2.9 %

TSE KEY opened at C$45.06 on Wednesday. The business has a fifty day moving average price of C$44.41 and a two-hundred day moving average price of C$41.65. The stock has a market capitalization of C$10.33 billion, a PE ratio of 30.24, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$47.90. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57.

Insider Activity 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. 0.39% of the stock is currently owned by insiders.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 4.62%. The ex-dividend date was Friday, December 13th. Keyera’s dividend payout ratio is currently 139.60%.

About Keyera

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.