Scotiabank Brokers Decrease Earnings Estimates for Keyera

Key Points

• Scotiabank lowered Keyera’s FY2026 EPS estimate to C$1.69 from C$1.89, while maintaining its “Sector Outperform” rating and C$66 price target. The revised estimate remains below the broader consensus of C$2.22 per share.
• Keyera reported C$1.19 in quarterly EPS on C$2.40 billion in revenue, with a 5.02% net margin and 10.81% return on equity. Analysts broadly remain positive, with 11 Buy ratings and four Holds, producing a “Moderate Buy” consensus rating.
• The company increased its quarterly dividend to C$0.5625 per share, equivalent to C$2.25 annually and a 4.1% yield. A Keyera director also purchased 500 shares worth approximately C$27,870.

Keyera Corp. (TSE:KEY - Free Report) - Equities researchers at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Keyera in a report released on Thursday, September 10th. Scotiabank analyst R. Hope now expects that the company will earn $1.69 per share for the year, down from their prior estimate of $1.89. Scotiabank has a "Sector Outperform" rating and a $66.00 price target on the stock. The consensus estimate for Keyera's current full-year earnings is $2.22 per share.

Keyera (TSE:KEY - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The firm had revenue of C$2.40 billion for the quarter.

KEY has been the subject of a number of other research reports. BMO Capital Markets lowered their target price on Keyera from C$65.00 to C$64.00 and set an "outperform" rating for the company in a report on Friday, September 4th. TD decreased their price objective on Keyera from C$70.00 to C$67.00 and set a "buy" rating for the company in a report on Friday, September 4th. National Bank Financial lifted their target price on Keyera from C$61.00 to C$62.00 and gave the company an "outperform" rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada upped their price target on Keyera from C$62.00 to C$66.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Finally, Scotia lifted their price objective on shares of Keyera from C$88.00 to C$92.00 and gave the company a "sector perform" rating in a report on Friday, September 4th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$73.00.

Keyera Trading Up 0.4%

Shares of TSE:KEY opened at C$54.76 on Tuesday. The firm has a market cap of C$16.07 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.35 and a beta of 0.46. Keyera has a 12 month low of C$40.09 and a 12 month high of C$61.41. The company's fifty day simple moving average is C$58.60 and its 200 day simple moving average is C$55.82. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.5625 per share. The ex-dividend date is Tuesday, September 15th. This is a positive change from Keyera's previous quarterly dividend of $0.54. This represents a $2.25 dividend on an annualized basis and a yield of 4.1%. Keyera's dividend payout ratio is presently 141.18%.

Insiders Place Their Bets

In other news, Director Taylor Timothy Kitchen purchased 500 shares of the company's stock in a transaction on Friday, September 4th. The shares were purchased at an average cost of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the transaction, the director owned 7,500 shares of the company's stock, valued at C$418,050. The trade was a 7.14% increase in their position. Insiders own 0.39% of the company's stock.

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.

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