FY2024 Earnings Estimate for Keyera Issued By Raymond James

Keyera Corp. (TSE:KEY) – Research analysts at Raymond James upped their FY2024 earnings estimates for Keyera in a note issued to investors on Thursday, November 14th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $2.19 per share for the year, up from their prior estimate of $2.04. Raymond James currently 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.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets boosted their target price on Keyera from C$41.00 to C$44.00 in a research report on Friday. Jefferies Financial Group boosted their price objective on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Royal Bank of Canada raised their target price on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. ATB Capital boosted their price target on shares of Keyera from C$43.00 to C$44.00 in a research note on Friday. Finally, Citigroup increased their price objective on shares of Keyera from C$46.00 to C$50.00 in a report on Monday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$42.58.

Keyera Stock Down 0.0 %

TSE:KEY opened at C$45.09 on Monday. The company has a market cap 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 stock’s fifty day moving average price is C$42.89 and its two-hundred day moving average price is C$39.45. Keyera has a 52-week low of C$31.16 and a 52-week high of C$45.67.

Keyera Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.52 per share. The ex-dividend date was Friday, September 13th. This is a positive change from Keyera’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.61%. Keyera’s payout ratio is currently 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.