Keyera (KEY) Set to Announce Quarterly Earnings on Thursday

Keyera (TSE:KEY) will be issuing its quarterly earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of C$0.60 per share for the quarter.

Keyera Trading Up 0.6 %

Shares of Keyera stock opened at C$43.94 on Tuesday. Keyera has a 1 year low of C$31.16 and a 1 year high of C$44.56. The firm has a market cap of C$10.07 billion, a PE ratio of 29.49, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The company has a 50 day simple moving average of C$42.43 and a two-hundred day simple moving average of C$39.13.

Keyera Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.73%. Keyera’s dividend payout ratio (DPR) is 139.60%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KEY shares. ATB Capital boosted their price objective on shares of Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. CIBC upped their price target on shares of Keyera from C$37.00 to C$39.00 in a research note on Monday, July 15th. Raymond James set a C$47.00 target price on Keyera and gave the stock an “outperform” rating in a research report on Friday, October 11th. Scotiabank boosted their target price on Keyera from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Citigroup boosted their target price on Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Three 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$41.50.

Insiders Place Their Bets

In other news, Senior Officer Eileen Marikar sold 1,888 shares of the 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 transaction of C$74,953.79. 0.39% of the stock is currently owned by corporate 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.