Q1 2024 EPS Estimates for Keyera Corp. (TSE:KEY) Raised by Analyst

Keyera Corp. (TSE:KEY) – Stock analysts at Atb Cap Markets boosted 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 per share of $0.56 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. TD Securities boosted their target price on Keyera from C$37.00 to C$38.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. BMO Capital Markets lifted their price target on Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. Citigroup lifted their price target on Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. National Bankshares lifted their price target on Keyera from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. Finally, Jefferies Financial Group set a C$38.00 price target on Keyera and gave the company a “buy” rating in a research report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Keyera has an average rating of “Moderate Buy” and an average price target of C$36.72.

Keyera Stock Performance

Shares of KEY opened at C$35.56 on Thursday. The firm has a market cap of C$8.15 billion, a PE ratio of 19.22, a PEG ratio of 1.33 and a beta of 2.12. The stock’s fifty day moving average price is C$34.31 and its two-hundred day moving average price is C$33.08. 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.

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

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend was Thursday, March 14th. Keyera’s dividend payout ratio (DPR) is currently 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.