National Bank Financial Expects Stronger Earnings for Keyera

Keyera Corp. (TSE:KEY) – Equities researchers at National Bank Financial raised their FY2024 earnings per share estimates for Keyera in a note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.32 per share for the year, up from their previous forecast of $2.31. 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 $2.32 EPS.

KEY has been the subject of several other reports. ATB Capital lifted their target price on shares of Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. National Bankshares lifted their price objective on Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th. Raymond James increased their target price on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. BMO Capital Markets lifted their price target on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Finally, Barclays set a C$46.00 price objective on shares of Keyera and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Keyera has an average rating of “Moderate Buy” and an average target price of C$43.62.

Keyera Stock Performance

Shares of TSE KEY opened at C$45.39 on Wednesday. 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 market cap of C$10.40 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a 50-day simple moving average of C$44.47 and a 200-day simple moving average of C$41.71. Keyera has a 12 month low of C$31.16 and a 12 month high of C$47.90.

Insider Activity at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of Keyera stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.52 per share. The ex-dividend date was Friday, December 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.58%. Keyera’s payout ratio 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.