Brokers Issue Forecasts for Keyera Corp.’s Q1 2024 Earnings (TSE:KEY)

Keyera Corp. (TSE:KEY) – Stock analysts at Atb Cap Markets raised their Q1 2024 earnings per share (EPS) estimates for Keyera in a research note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.56 per share for the quarter, up from their prior estimate of $0.50. The consensus estimate for Keyera’s current full-year earnings is $1.91 per share.

KEY has been the topic of several other reports. National Bankshares boosted their price objective on Keyera from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. TD Securities boosted their price objective on Keyera from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. CIBC boosted their price objective on Keyera from C$35.00 to C$36.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Stifel Nicolaus boosted their price objective on Keyera from C$32.00 to C$38.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup upped their target price on Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$36.67.

Keyera Trading Down 0.3 %

Shares of TSE KEY opened at C$35.44 on Thursday. The business’s 50 day moving average is C$34.37 and its two-hundred day moving average is C$33.09. The company has a debt-to-equity ratio of 154.22, a current ratio of 1.34 and a quick ratio of 0.57. Keyera has a 1-year low of C$29.31 and a 1-year high of C$35.97. The stock has a market capitalization of C$8.12 billion, a P/E ratio of 19.16, a PEG ratio of 1.33 and a beta of 2.12.

Keyera (TSE:KEY) last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, topping the consensus estimate of C$0.56 by C$0.37. Keyera had a return on equity of 15.15% and a net margin of 6.01%. The company had revenue of C$2.30 billion for the quarter, compared to analysts’ expectations of C$1.59 billion.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.64%. Keyera’s dividend payout ratio is 108.11%.

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.