Scotiabank Issues Pessimistic Forecast for Keyera Earnings

Keyera Corp. (TSE:KEY) – Research analysts at Scotiabank dropped their FY2024 EPS estimates for Keyera in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will post earnings of $2.13 per share for the year, down from their prior forecast of $2.17. Scotiabank currently has a “Outperform” rating and a $50.00 price target on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. Scotiabank also issued estimates for Keyera’s FY2026 earnings at $2.31 EPS.

Several other equities research analysts have also recently commented on KEY. Barclays set a C$46.00 target price on Keyera and gave the stock an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets upped their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Raymond James lifted their target price on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada upped their price target on shares of Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, National Bankshares lifted their price objective on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and an average target price of C$43.62.

Keyera Stock Up 0.7 %

KEY stock opened at C$45.39 on Friday. The firm’s 50-day moving average is C$44.47 and its two-hundred day moving average is C$41.71. The company has a market capitalization of C$10.40 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. Keyera has a 52 week low of C$31.16 and a 52 week high of C$47.90. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51.

Insider Activity

In other news, Director James Vance Bertram sold 50,000 shares of the 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 value of C$2,318,750.00. Corporate insiders own 0.39% of the company’s stock.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.58%. The ex-dividend date was Friday, December 13th. Keyera’s dividend payout ratio (DPR) is currently 139.60%.

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.