FY2024 EPS Estimates for Keyera Raised by Atb Cap Markets

Keyera Corp. (TSE:KEY - Free Report) - Equities researchers at Atb Cap Markets lifted their FY2024 earnings per share estimates for shares of Keyera in a report released on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $2.22 per share 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.

A number of other research firms have also weighed in on KEY. Raymond James raised their target price on shares of Keyera from C$47.00 to C$48.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. ATB Capital lifted their price objective on Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. Citigroup lifted their target price on Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. National Bankshares lifted their target price on Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets boosted their price target on Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Keyera presently has an average rating of "Moderate Buy" and an average price target of C$44.08.

Keyera Stock Performance

Keyera stock traded up C$0.39 during midday trading on Monday, hitting C$42.23. The stock had a trading volume of 1,437,407 shares, compared to its average volume of 986,244. The firm's fifty day moving average is C$42.99 and its two-hundred day moving average is C$42.47. The company has a market capitalization of C$9.73 billion, a PE ratio of 21.77, a P/E/G ratio of 1.35 and a beta of 2.09. Keyera has a 52-week low of C$31.57 and a 52-week high of C$47.90. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

Insider Buying and Selling

In other news, Director James Vance Bertram sold 50,000 shares of the 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. 0.39% of the stock is owned by company insiders.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Friday, December 13th. Keyera's payout ratio is 107.20%.

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.