Keyera (KEY) Set to Announce Quarterly Earnings on Thursday

Keyera (TSE:KEY - Get Free Report) is scheduled to announce its earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of C$0.60 per share for the quarter.

Keyera (TSE:KEY - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, beating analysts' consensus estimates of C$0.54 by C$0.08. The firm had revenue of C$1.72 billion for the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%.

Keyera Price Performance

TSE:KEY traded up C$0.47 on Thursday, hitting C$43.72. The company had a trading volume of 202,011 shares, compared to its average volume of 999,734. The firm has a 50 day moving average of C$42.21 and a two-hundred day moving average of C$38.95. Keyera has a 52 week low of C$31.16 and a 52 week high of C$44.56. The stock has a market capitalization of C$10.02 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.35 and a beta of 2.09. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, September 13th. This is a positive change from Keyera's previous quarterly dividend of $0.50. Keyera's dividend payout ratio (DPR) is 139.60%.

Analyst Upgrades and Downgrades

KEY has been the topic of several analyst reports. BMO Capital Markets boosted their price objective on shares of Keyera from C$40.00 to C$41.00 and gave the stock a "hold" rating in a research note on Thursday, September 5th. Raymond James set a C$47.00 price target on shares of Keyera and gave the company an "outperform" rating in a research report on Friday, October 11th. Royal Bank of Canada raised their price target on shares of Keyera from C$44.00 to C$45.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. National Bankshares boosted their price objective on Keyera from C$36.00 to C$38.00 and gave the stock a "sector perform" rating in a research report on Friday, August 23rd. Finally, Jefferies Financial Group raised their target price on Keyera from C$43.00 to C$47.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$41.50.

Insider Activity

In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of C$39.70, for a total value of C$74,953.79. Corporate insiders own 0.39% of the company's stock.

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.