Atb Cap Markets Has Pessimistic View of Keyera Q3 Earnings

Keyera Corp. (TSE:KEY - Free Report) - Analysts at Atb Cap Markets cut their Q3 2024 EPS estimates for shares of Keyera in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.58 per share for the quarter, down from their prior forecast of $0.60. The consensus estimate for Keyera's current full-year earnings is $2.22 per share.

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

Several other research analysts also recently weighed in on the company. Scotiabank lifted their target price on Keyera from C$40.00 to C$42.00 and gave the company an "outperform" rating in a research note on Monday, July 15th. Raymond James set a C$47.00 price objective on shares of Keyera and gave the company an "outperform" rating in a research report on Friday, October 11th. National Bankshares upped their price objective on shares of 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. BMO Capital Markets lifted their target price on shares of Keyera from C$40.00 to C$41.00 and gave the company a "hold" rating in a report on Thursday, September 5th. Finally, Royal Bank of Canada boosted their price target on shares of Keyera from C$44.00 to C$45.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Keyera presently has an average rating of "Moderate Buy" and an average price target of C$41.50.

Keyera Stock Performance

Shares of TSE KEY traded down C$0.31 during midday trading on Thursday, reaching C$42.84. 1,145,002 shares of the company were exchanged, compared to its average volume of 1,020,684. The stock has a market cap of C$9.82 billion, a P/E ratio of 28.69, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a 1 year low of C$31.16 and a 1 year high of C$44.56. The stock has a fifty day simple moving average of C$41.58 and a 200 day simple moving average of C$38.39. 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 business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.86%. This is an increase from Keyera's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. Keyera's dividend payout ratio (DPR) is presently 139.60%.

Insider Transactions at Keyera

In related news, Senior Officer Eileen Marikar sold 1,888 shares of the firm'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.