Raymond James Comments on Keyera's FY2024 Earnings (TSE:KEY)

Keyera Corp. (TSE:KEY - Free Report) - Investment analysts at Raymond James upped their FY2024 earnings per share estimates for Keyera in a research report issued on Thursday, November 14th. Raymond James analyst M. Barth now expects that the company will post earnings of $2.19 per share for the year, up from their previous estimate of $2.04. Raymond James has a "Moderate Buy" rating 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 FY2025 earnings at $2.14 EPS and FY2026 earnings at $2.40 EPS.

KEY has been the topic of several other reports. National Bankshares boosted their price target on Keyera from C$38.00 to C$39.00 in a research note on Friday. Royal Bank of Canada raised their price target on 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 lifted their price objective on Keyera from C$41.00 to C$44.00 in a research report on Friday. Citigroup lifted their price objective on Keyera from C$46.00 to C$50.00 in a research note on Monday. Finally, ATB Capital upped their price target on Keyera from C$43.00 to C$44.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$42.58.

Keyera Trading Down 0.0 %

Shares of TSE:KEY traded down C$0.02 during midday trading on Monday, hitting C$45.09. 2,458,513 shares of the stock were exchanged, compared to its average volume of 998,847. The stock has a market capitalization of C$10.33 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. The business's 50-day moving average price is C$42.89 and its 200 day moving average price is C$39.45. Keyera has a 12 month low of C$31.16 and a 12 month high of C$45.67.

Keyera Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 4.61%. 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 is 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.