FY2024 EPS Estimates for Keyera Increased by Atb Cap Markets

Keyera Corp. (TSE:KEY) – Equities research analysts at Atb Cap Markets increased their FY2024 EPS estimates for Keyera in a research note issued to investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $2.22 for the year, up from their previous forecast of $2.20. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. Atb Cap Markets also issued estimates for Keyera’s Q4 2024 earnings at $0.49 EPS.

Other equities research analysts also recently issued research reports about the company. Scotiabank lifted their target price on Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Raymond James lifted their price objective on shares of Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Citigroup increased their target price on shares of Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. TD Securities set a C$45.00 price target on shares of Keyera and gave the company a “hold” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada increased their price target on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$44.08.

Keyera Stock Performance

TSE:KEY opened at C$41.88 on Monday. The stock has a 50 day simple moving average of C$43.22 and a 200 day simple moving average of C$42.40. The stock has a market cap of C$9.60 billion, a P/E ratio of 28.11, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a 1-year low of C$31.57 and a 1-year 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.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Friday, December 13th. Keyera’s dividend payout ratio is presently 139.60%.

Insiders Place Their Bets

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

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil.