Raymond James Comments on Keyera’s FY2027 Earnings (TSE:KEY)

Keyera Corp. (TSE:KEY) – Equities research analysts at Raymond James cut their FY2027 EPS estimates for shares of Keyera in a research note issued to investors on Tuesday, December 10th. Raymond James analyst M. Barth now forecasts that the company will earn $2.62 per share for the year, down from their prior estimate of $2.77. Raymond James currently has a “Outperform” rating and a $48.00 target price on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. Raymond James also issued estimates for Keyera’s FY2028 earnings at $3.10 EPS.

A number of other brokerages have also issued reports on KEY. Citigroup upped their target price on shares of Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. ATB Capital boosted their price objective on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. National Bankshares boosted their price objective on shares of Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th. Royal Bank of Canada upped their target price on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, BMO Capital Markets upped their target price on shares of Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$43.42.

Keyera Stock Performance

Shares of Keyera stock opened at C$44.91 on Thursday. The firm has a market cap of C$10.29 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The firm’s 50-day simple moving average is C$44.34 and its 200-day simple moving average is C$40.62. The company has a debt-to-equity ratio of 143.51, a quick ratio of 0.57 and a current ratio of 1.30. Keyera has a 1 year low of C$31.16 and a 1 year high of C$47.90.

Keyera Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, December 13th. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

Insider Activity

In other news, Director James Vance Bertram sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value of C$2,318,750.00. Insiders own 0.39% of the company’s stock.

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.