Scotiabank Issues Pessimistic Forecast for Keyera Earnings

Keyera Corp. (TSE:KEY) – Analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for shares of Keyera in a note issued to investors on Wednesday, May 20th. Scotiabank analyst R. Hope now anticipates that the company will earn $1.86 per share for the year, down from their previous 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 quarterly earnings data on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The firm had revenue of C$1.30 billion during the quarter.

Several other research analysts also recently commented on the company. TD increased their price objective on Keyera from C$60.00 to C$61.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Citigroup increased their price objective on Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Jefferies Financial Group set a C$65.00 price objective on Keyera and gave the company a “buy” rating in a research note on Tuesday. Barclays raised their target price on Keyera from C$48.00 to C$53.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Finally, Royal Bank Of Canada raised their target price on Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$57.29.

Keyera Stock Down 0.6%

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

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 16th. Keyera’s dividend payout ratio (DPR) is presently 270.89%.

Keyera Company Profile

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.