National Bank Financial Lifts Earnings Estimates for Keyera

Keyera Corp. (TSE:KEY) – Equities research analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Keyera in a research report issued to clients and investors on Thursday, November 14th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $2.31 for the year, up from their previous forecast of $2.08. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. National Bank Financial also issued estimates for Keyera’s FY2025 earnings at $2.27 EPS.

Several other analysts have also recently issued reports on the company. ATB Capital upped their price objective on Keyera from C$43.00 to C$44.00 in a research note on Friday. Jefferies Financial Group raised their price target on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research note on Monday, September 30th. National Bankshares upped their price objective on shares of Keyera from C$38.00 to C$39.00 in a report on Friday. Royal Bank of Canada increased their price target on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Citigroup lifted their price objective on shares of Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Three equities research 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 company. Based on data from MarketBeat, Keyera presently has an average rating of “Moderate Buy” and a consensus target price of C$42.25.

Keyera Price Performance

Shares of TSE KEY opened at C$45.11 on Monday. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The business has a 50 day moving average price of C$42.78 and a two-hundred day moving average price of C$39.39. The firm has a market cap of C$10.34 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$45.51.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a $0.52 dividend. This is a boost from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.61%. The ex-dividend date was Friday, September 13th. Keyera’s dividend payout ratio (DPR) is 139.60%.

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.