Atb Cap Markets Issues Negative Forecast for Keyera Earnings

Key Points

• Atb Cap Markets has revised its Q1 2026 earnings estimate for Keyera Corp. down to $0.40 per share, a decrease from the previous estimate of $0.47.
• Despite the earnings downgrade, several analysts have issued positive upgrades with BMO Capital Markets raising Keyera’s rating to strong-buy and boosting its price target from C$45.50 to C$54.00.
• Keyera recently increased its quarterly dividend to $0.54 per share, reflecting a 4.6% dividend yield and a payout ratio of 90.04%.

Keyera Corp. (TSE:KEY - Free Report) - Investment analysts at Atb Cap Markets cut their Q1 2026 earnings per share estimates for Keyera in a research note issued on Monday, September 29th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.40 per share for the quarter, down from their previous estimate of $0.47. The consensus estimate for Keyera's current full-year earnings is $2.22 per share. Atb Cap Markets also issued estimates for Keyera's Q2 2026 earnings at $0.63 EPS, Q3 2026 earnings at $0.72 EPS, FY2026 earnings at $2.50 EPS and FY2027 earnings at $2.80 EPS.

Several other analysts have also recently issued reports on the stock. BMO Capital Markets raised shares of Keyera from a "hold" rating to a "strong-buy" rating and boosted their price objective for the company from C$45.50 to C$54.00 in a research note on Wednesday, June 18th. Tudor Pickering upgraded Keyera from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 25th. Citigroup lifted their price objective on Keyera from C$50.00 to C$51.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada increased their target price on shares of Keyera from C$46.00 to C$53.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Finally, Raymond James Financial boosted their price objective on shares of Keyera from C$51.00 to C$59.00 and gave the stock an "outperform" rating in a research note on Monday, June 23rd. Four investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Keyera currently has an average rating of "Buy" and an average price target of C$51.27.

Keyera Trading Up 0.8%

TSE KEY opened at C$46.69 on Wednesday. The company has a market cap of C$10.70 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.35 and a beta of 0.67. Keyera has a 12 month low of C$37.80 and a 12 month high of C$47.90. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The company has a 50-day moving average of C$44.46 and a 200-day moving average of C$43.40.

Keyera Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 15th. This is an increase from Keyera's previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.6%. Keyera's dividend payout ratio is 90.04%.

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.

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