Atb Cap Markets Weighs in on Keyera’s Q3 Earnings (TSE:KEY)

Keyera Corp. (TSE:KEY) – Equities researchers at Atb Cap Markets cut their Q3 2024 earnings per share (EPS) estimates for shares of Keyera in a research note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $0.58 per share for the quarter, down from their previous forecast of $0.60. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share.

A number of other research firms have also recently weighed in on KEY. ATB Capital increased their price target on Keyera from C$36.00 to C$39.00 in a report on Wednesday, July 24th. Scotiabank increased their target price on shares of Keyera from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. BMO Capital Markets boosted their price target on shares of Keyera from C$40.00 to C$41.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Jefferies Financial Group upped their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, National Bankshares lifted their target price on shares of Keyera from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$41.50.

Keyera Trading Up 0.2 %

Shares of Keyera stock opened at C$42.94 on Thursday. The stock has a 50 day moving average of C$41.71 and a 200 day moving average of C$38.50. 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 firm has a market capitalization of C$9.84 billion, a price-to-earnings ratio of 28.82, a PEG 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$44.56.

Keyera (TSE:KEY) last posted its earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.54 by C$0.08. The company had revenue of C$1.72 billion for the quarter. Keyera had a net margin of 4.86% and a return on equity of 12.02%.

Keyera Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.84%. This is a positive change from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 13th. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

Insider Transactions at Keyera

In other Keyera news, Senior Officer Eileen Marikar sold 1,888 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total value of C$74,953.79. Corporate insiders own 0.39% of the company’s stock.

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.