FY2027 Earnings Estimate for Keyera Issued By Scotiabank

Key Points

• Scotiabank raised its FY2027 EPS estimate for Keyera to C$3.00 from C$2.96 and maintained a “Sector Outperform” rating with a C$66.00 price target.
• Analyst sentiment remains positive: 11 analysts rate Keyera a Buy and two rate it a Hold, resulting in a consensus “Moderate Buy” rating and a C$62.69 price target.
• Keyera’s quarterly dividend is C$0.54 per share, or C$2.16 annualized, yielding about 3.6%; however, its payout ratio is high at 141.18%.

Keyera Corp. (TSE:KEY - Free Report) - Equities researchers at Scotiabank raised their FY2027 earnings estimates for shares of Keyera in a report issued on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $3.00 for the year, up from their previous forecast of $2.96. 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.

Several other research analysts have also recently issued reports on KEY. Jefferies Financial Group set a C$65.00 price target on Keyera and gave the stock a "buy" rating in a research note on Tuesday, May 19th. Royal Bank Of Canada increased their target price on shares of Keyera from C$62.00 to C$66.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. National Bank Financial raised their target price on shares of Keyera from C$61.00 to C$62.00 and gave the company an "outperform" rating in a research note on Tuesday, June 23rd. ATB Cormark Capital Markets boosted their price target on shares of Keyera from C$55.00 to C$58.00 and gave the stock a "sector perform" rating in a research report on Tuesday, June 16th. Finally, Raymond James Financial decreased their price objective on shares of Keyera from C$66.00 to C$65.00 and set an "outperform" rating for the company in a report on Tuesday, June 23rd. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$62.69.

Keyera Stock Performance

Shares of KEY stock opened at C$59.54 on Friday. Keyera has a 12-month low of C$40.09 and a 12-month high of C$61.41. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The firm has a market capitalization of C$17.47 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 1.35 and a beta of 0.48. The business has a 50 day simple moving average of C$58.31 and a 200 day simple moving average of C$54.84.

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

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, June 15th. Keyera's payout ratio is presently 141.18%.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.

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