Q2 2023 Earnings Estimate for Keyera Corp. (TSE:KEY) Issued By Atb Cap Markets

Keyera Corp. (TSE:KEY – Get Rating) – Analysts at Atb Cap Markets lifted their Q2 2023 EPS estimates for Keyera in a note issued to investors on Tuesday, May 9th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.42 per share for the quarter, up from their prior estimate of $0.38. Atb Cap Markets currently has a “Sector Perform” rating on the stock. The consensus estimate for Keyera’s current full-year earnings is $1.87 per share. Atb Cap Markets also issued estimates for Keyera’s Q3 2023 earnings at $0.49 EPS, Q4 2023 earnings at $0.51 EPS and FY2024 earnings at $1.87 EPS.

Several other equities analysts have also commented on the stock. Stifel Firstegy restated a “buy” rating on shares of Keyera in a report on Thursday, February 9th. Stifel Nicolaus set a C$36.00 target price on shares of Keyera and gave the company a “buy” rating in a research report on Friday, February 10th. CSFB increased their target price on shares of Keyera from C$36.00 to C$39.50 in a research report on Wednesday, February 8th. CIBC increased their target price on shares of Keyera from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. Finally, National Bankshares dropped their target price on shares of Keyera from C$35.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Thursday, February 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$35.31.

Keyera Stock Performance

Shares of KEY stock opened at C$32.30 on Friday. The firm’s 50 day moving average price is C$30.60 and its 200-day moving average price is C$30.16. The company has a debt-to-equity ratio of 138.50, a quick ratio of 0.57 and a current ratio of 1.11. Keyera has a one year low of C$27.18 and a one year high of C$35.48. The firm has a market cap of C$7.40 billion, a P/E ratio of 21.82, a P/E/G ratio of 0.92 and a beta of 2.18.

Keyera (TSE:KEY – Get Rating) last announced its quarterly earnings data on Wednesday, February 15th. The company reported C$0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.27. Keyera had a net margin of 4.65% and a return on equity of 11.99%. The firm had revenue of C$1.78 billion during the quarter.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Wednesday, June 14th. Keyera’s dividend payout ratio is currently 129.73%.

About Keyera

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Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. 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 condensate handling services.