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 EPS estimates for shares of Keyera in a research note issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts 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.

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

A number of other analysts also recently issued reports on KEY. BMO Capital Markets raised 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 report on Thursday, February 15th. CIBC lifted their target price on shares of Keyera from C$35.00 to C$36.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Citigroup lifted their target price on shares of Keyera from C$35.00 to C$37.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. National Bankshares boosted 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$36.72.

Keyera Stock Down 0.5 %

Shares of TSE KEY opened at C$35.56 on Thursday. The company has a 50 day simple moving average of C$34.31 and a 200-day simple moving average of C$33.08. The company has a market capitalization of C$8.15 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.33 and a beta of 2.12. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.62%. Keyera’s dividend payout ratio (DPR) is currently 108.11%.

About Keyera

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.