Keyera (KEY) Stock Price, News & Analysis

Company Overview

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. The Liquids Infrastructure segment owns and operates a network of facilities, including underground NGL storage caverns, above ground storage tanks, NGL fractionation facilities, and NGL and condensate pipelines, as well as rail and truck terminals for the processing, fractionation, storage, and transportation of by-products of natural gas processing comprising ethane, propane, butane, and condensate. This segment also produces iso-octane; and engages in the liquids blending activities. The Marketing segment engages in the marketing of propane, butane, condensate, and iso-octane, as well as natural gas and crude oil. The company was formerly known as Keyera Facilities Income Fund and changed its name to Keyera Corp. in January 2011. Keyera Corp. was founded in 1998 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$42.08 to C$43.45
• 50-Day Range: C$42.54 to C$47.53
• 52-Week Range: C$31.16 to C$47.90
• Volume: 3.85 million shs
• Average Volume: 1.04 million shs
• Market Capitalization: C$9.65 billion
• P/E Ratio: 28.26
• Dividend Yield: 4.94%
• Price Target: C$43.62
• Consensus Rating: Moderate Buy

Keyera Stock Analysis - MarketRank™

Keyera scored higher than 48% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Keyera has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Keyera has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Keyera is 28.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of Keyera is 28.81, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 108.57.

Price to Earnings Growth Ratio

Keyera has a PEG Ratio of 1.35. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Keyera has a P/B Ratio of 3.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for KEY.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Keyera is a leading dividend payer. It pays a dividend yield of 4.78%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Keyera does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Keyera is 139.60%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for KEY.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.41

News Sentiment

Keyera has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 23 news articles for Keyera this week, compared to 3 articles on an average week.

Search Interest

34 people have searched for KEY on MarketBeat in the last 30 days. This is an increase of 31% compared to the previous 30 days.

MarketBeat Follows

2 people have added Keyera to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Keyera insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$2,318,750.00 in company stock.

Percentage Held by Insiders

Only 0.39% of the stock of Keyera is held by insiders.

Percentage Held by Institutions

44.03% of the stock of Keyera is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KEY Stock Analysis - Frequently Asked Questions

How have KEY shares performed this year?

Keyera's stock was trading at C$32.03 at the start of the year. Since then, KEY shares have increased by 32.6% and is now trading at C$42.47.
View the best growth stocks for 2024 here.

How were Keyera's earnings last quarter?

Keyera Corp. (TSE:KEY) released its quarterly earnings data on Thursday, August, 10th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.23. The company earned $1.50 billion during the quarter, compared to analysts' expectations of $1.94 billion. Keyera had a net margin of 4.86% and a trailing twelve-month return on equity of 12.02%.

How do I buy shares of Keyera?

Shares of KEY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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What other stocks do shareholders of Keyera own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Keyera investors own include Enbridge (ENB), Bank of Nova Scotia (BNS), Pembina Pipeline (PPL), Toronto-Dominion Bank (TD), TELUS (T), Suncor Energy (SU) and Canadian Natural Resources (CNQ).

Company Calendar

• Last Earnings: 8/10/2023
• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Ex-Dividend for 12/31 Dividend: 12/13/2024
• Today: 12/18/2024
• Dividend Payable: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Midstream
• Sub-Industry: Banking
• Current Symbol: TSE:KEY
• CUSIP: N/A
• CIK: N/A
• Web: www.keyera.com
• Phone: +1-403-2058300
• Fax: N/A
• Employees: 17,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$43.62
• High Stock Price Target: C$50.00
• Low Stock Price Target: C$35.00
• Potential Upside/Downside: +2.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.77
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.49
• Trailing P/E Ratio: 28.60
• Forward P/E Ratio: 19.22
• P/E Growth: 1.35
• Net Income: C$340.40 million
• Net Margins: 4.86%
• Pretax Margin: N/A
• Return on Equity: 12.02%
• Return on Assets: 6.15%

Debt

• Debt-to-Equity Ratio: 143.51
• Current Ratio: 1.30
• Quick Ratio: 0.57

Sales & Book Value

• Annual Sales: C$7 billion
• Price / Sales: 1.39
• Cash Flow: C$0.35 per share
• Price / Cash Flow: 121.22
• Book Value: C$12.12 per share
• Price / Book: 3.52

Miscellaneous

• Outstanding Shares: 229,150,000
• Free Float: N/A
• Market Cap: C$9.76 billion
• Optionable: Not Optionable
• Beta: 2.09