Scotiabank Issues Pessimistic Forecast for Keyera Earnings

Keyera Corp. (TSE:KEY) – Scotiabank reduced their FY2026 EPS estimates for Keyera in a research note issued on Wednesday, May 20th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $1.86 for the year, down from their prior estimate of $1.93. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share.

Keyera (TSE:KEY) last posted its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The business had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%.

A number of other analysts also recently issued reports on KEY. Jefferies Financial Group set a C$65.00 price target on Keyera and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets lifted their price objective on Keyera from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets lifted their price objective on Keyera from C$52.00 to C$54.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Citigroup boosted their target price on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Scotia boosted their price target on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$57.29.

Keyera Stock Down 0.6%

Shares of KEY opened at C$58.35 on Thursday. The company has a market cap of C$13.38 billion, a PE ratio of 73.86, a P/E/G ratio of 1.35 and a beta of 0.56. The business has a fifty day moving average of C$52.68 and a 200 day moving average of C$48.10. Keyera has a 52-week low of C$40.09 and a 52-week high of C$59.02. The company has a quick ratio of 0.57, a current ratio of 1.60 and a debt-to-equity ratio of 249.10.

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, March 16th. Keyera’s dividend payout ratio is currently 270.89%.

About Keyera

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.