Brokers Issue Forecasts for Keyera FY2025 Earnings

Keyera Corp. (TSE:KEY - Free Report) - Equities research analysts at Raymond James Financial decreased their FY2025 EPS estimates for shares of Keyera in a research note issued on Thursday, July 3rd. Raymond James Financial analyst M. Barth now expects that the company will earn $2.13 per share for the year, down from their previous estimate of $2.19. Raymond James Financial currently has a "Outperform" rating and a $59.00 target price on the stock. The consensus estimate for Keyera's current full-year earnings is $2.22 per share.

KEY has been the topic of several other research reports. CIBC upped their price target on shares of Keyera from C$47.00 to C$56.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd. BMO Capital Markets upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating and upped their price target for the stock from C$45.50 to C$54.00 in a research report on Wednesday, June 18th. Citigroup upped their price target on shares of Keyera from C$50.00 to C$51.00 and gave the stock a "buy" rating in a research report on Thursday. Scotiabank upped their price target on shares of Keyera from C$51.00 to C$54.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd. Finally, National Bankshares set a C$45.00 price target on shares of Keyera and gave the stock a "sector perform" rating in a research report on Friday, June 20th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Keyera has a consensus rating of "Buy" and a consensus target price of C$51.27.

Keyera Price Performance

TSE KEY traded up C$0.23 on Friday, hitting C$42.98. 662,093 shares of the company were exchanged, compared to its average volume of 1,337,900. The firm has a 50 day moving average of C$42.96 and a two-hundred day moving average of C$42.67. The company has a market cap of C$9.90 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. Keyera has a 1-year low of C$35.35 and a 1-year high of C$47.90.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.84%. Keyera's payout ratio is 107.20%.

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.