Atb Cap Markets Issues Positive Outlook for Keyera Earnings

Keyera Corp. (TSE:KEY) – Atb Cap Markets raised their FY2024 earnings estimates for Keyera in a report released on Thursday, November 14th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $2.20 per share for the year, up from their previous estimate of $1.98. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. Atb Cap Markets also issued estimates for Keyera’s Q4 2025 earnings at $0.49 EPS, FY2025 earnings at $1.94 EPS and FY2026 earnings at $2.11 EPS.

KEY has been the topic of a number of other reports. Royal Bank of Canada lifted their price objective on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. National Bankshares lifted their price target on shares of Keyera from C$38.00 to C$39.00 in a report on Friday. ATB Capital boosted their price objective on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday. Citigroup upped their price objective on shares of Keyera from C$40.00 to C$46.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, BMO Capital Markets boosted their price target on shares of Keyera from C$41.00 to C$44.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$42.25.

Keyera Stock Up 1.4 %

TSE KEY opened at C$45.11 on Monday. Keyera has a 1 year low of C$31.16 and a 1 year high of C$45.51. The stock has a market capitalization of C$10.34 billion, a PE ratio of 30.28, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The business’s 50-day moving average is C$42.78 and its 200 day moving average is C$39.39.

Keyera Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Friday, September 13th. This is a boost from Keyera’s previous quarterly dividend of $0.50. Keyera’s dividend payout ratio is 139.60%.

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.