Raymond James Has Pessimistic View of Keyera FY2027 Earnings

Keyera Corp. (TSE:KEY - Free Report) - Equities research analysts at Raymond James dropped their FY2027 EPS estimates for shares of Keyera in a note issued to investors on Tuesday, December 10th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $2.62 per share for the year, down from their previous estimate of $2.77. Raymond James currently has a "Outperform" rating and a $48.00 target price on the stock. The consensus estimate for Keyera's current full-year earnings is $2.22 per share. Raymond James also issued estimates for Keyera's FY2028 earnings at $3.10 EPS.

Several other equities analysts also recently commented on the company. ATB Capital increased their target price on Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. National Bankshares raised their price objective on shares of Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Citigroup boosted their target price on shares of Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. BMO Capital Markets raised their price target on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. Finally, Scotiabank boosted their price objective on shares of Keyera from C$48.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Wednesday. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Keyera currently has a consensus rating of "Moderate Buy" and a consensus price target of C$43.62.

Keyera Price Performance

Shares of Keyera stock traded down C$0.30 during midday trading on Thursday, hitting C$44.61. 1,147,924 shares of the company traded hands, compared to its average volume of 1,026,625. The firm's fifty day moving average price is C$44.34 and its 200-day moving average price is C$40.62. The stock has a market cap of C$10.22 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a 12 month low of C$31.16 and a 12 month high of C$47.90. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.66%. Keyera's payout ratio is presently 139.60%.

Insider Activity at Keyera

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value of C$2,318,750.00. 0.39% of the stock is currently owned by company 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.