National Bank Financial Predicts Higher Earnings for Keyera

Keyera Corp. (TSE:KEY - Free Report) - National Bank Financial upped their FY2024 earnings per share (EPS) estimates for Keyera in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $2.32 per share for the year, up from their prior forecast 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 topic of a number of other research reports. Royal Bank of Canada raised their price objective on shares of Keyera from C$45.00 to C$46.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Jefferies Financial Group lifted their price target on shares of Keyera from C$43.00 to C$47.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Raymond James upped their price objective on shares of Keyera from C$47.00 to C$48.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. BMO Capital Markets lifted their target price on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Finally, National Bankshares boosted their target price on Keyera from C$38.00 to C$39.00 in a 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 issued a strong buy rating to the company. According to data from MarketBeat, Keyera presently has a consensus rating of "Moderate Buy" and a consensus price target of C$43.62.

Keyera Stock Up 2.9 %

Keyera stock traded up C$1.27 during midday trading on Wednesday, reaching C$45.06. The company's stock had a trading volume of 663,456 shares, compared to its average volume of 793,276. The business has a 50-day simple moving average of C$44.36 and a 200-day simple moving average of C$41.58. The company has a market cap of C$10.33 billion, a P/E ratio of 30.24, a P/E/G 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 quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51.

Keyera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Friday, December 13th. Keyera's payout ratio is currently 139.60%.

Insider Buying and Selling at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were 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 insiders.

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.