FY2024 EPS Estimates for Keyera Corp. Lifted by Atb Cap Markets (TSE:KEY)

Keyera Corp. (TSE:KEY) – Equities researchers at Atb Cap Markets lifted their FY2024 EPS estimates for Keyera in a note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $2.05 for the year, up from their previous estimate of $2.01. The consensus estimate for Keyera’s current full-year earnings is $1.91 per share.

Keyera (TSE:KEY) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.37. Keyera had a net margin of 6.01% and a return on equity of 15.15%. The company had revenue of C$2.30 billion for the quarter, compared to analyst estimates of C$1.59 billion.

KEY has been the topic of a number of other research reports. Citigroup lifted their price target on shares of Keyera from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group set a C$38.00 price target on shares of Keyera and gave the stock a “buy” rating in a research note on Tuesday, February 27th. BMO Capital Markets lifted their price target on shares of Keyera from C$35.00 to C$36.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. CIBC lifted their price target on shares of Keyera from C$35.00 to C$36.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, National Bankshares lifted their price target on shares of 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$36.67.

Keyera Trading Up 0.4 %

TSE:KEY opened at C$35.59 on Friday. Keyera has a 12 month low of C$29.31 and a 12 month high of C$35.97. The firm has a market cap of C$8.16 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.33 and a beta of 2.12. The company has a quick ratio of 0.57, a current ratio of 1.34 and a debt-to-equity ratio of 154.22. The company’s 50 day moving average is C$34.42 and its 200-day moving average is C$33.12.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.62%. Keyera’s dividend payout ratio is presently 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.