Analysts Set Expectations for Keyera FY2024 Earnings

Keyera Corp. (TSE:KEY - Free Report) - Equities research analysts at National Bank Financial lifted their FY2024 EPS estimates for shares of Keyera in a report issued on Thursday, November 14th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $2.31 for the year, up from their prior forecast of $2.08. 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 $2.27 EPS.

Several other analysts have also recently issued reports on KEY. Jefferies Financial Group boosted 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. Citigroup lifted their target price on shares of Keyera from C$46.00 to C$50.00 in a report on Monday. Royal Bank of Canada lifted their target price on shares of Keyera from C$44.00 to C$45.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. BMO Capital Markets boosted their price objective on shares of Keyera from C$41.00 to C$44.00 in a report on Friday. Finally, Raymond James set a C$47.00 target price on shares of Keyera and gave the company an "outperform" rating in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$42.58.

Keyera Price Performance

Shares of KEY traded down C$0.02 during mid-day trading on Monday, reaching C$45.09. 2,458,513 shares of the company's stock were exchanged, compared to its average volume of 998,847. The company has a market cap of C$10.33 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.35 and a beta of 2.09. 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 has a 52-week low of C$31.16 and a 52-week high of C$45.67. The company has a 50-day simple moving average of C$42.89 and a two-hundred day simple moving average of C$39.45.

Keyera Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.52 per share. This is an increase from Keyera's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.08 annualized dividend and a yield of 4.61%. Keyera's dividend payout ratio is presently 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.