Raymond James Financial Weighs in on Keyera FY2029 Earnings

Keyera Corp. (TSE:KEY - Free Report) - Raymond James Financial issued their FY2029 earnings estimates for Keyera in a research report issued to clients and investors on Monday, June 23rd. Raymond James Financial analyst M. Barth expects that the company will post earnings of $3.81 per share for the year. 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.

Several other brokerages have also recently commented on KEY. Royal Bank Of Canada boosted their target price on shares of Keyera from C$46.00 to C$53.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. National Bankshares set a C$45.00 target price on shares of Keyera and gave the company a "sector perform" rating in a research report on Friday, June 20th. BMO Capital Markets upgraded 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 report on Wednesday, June 18th. Scotiabank boosted their price objective on shares of Keyera from C$51.00 to C$54.00 and gave the company an "outperform" rating in a research report on Monday. Finally, CIBC boosted their price objective on shares of Keyera from C$47.00 to C$56.00 and gave the company an "outperform" rating in a research report on Monday. Three analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$51.18.

Keyera Price Performance

KEY stock traded up C$0.01 during midday trading on Tuesday, reaching C$43.99. The company had a trading volume of 1,405,208 shares, compared to its average volume of 1,337,932. The company has a market capitalization of C$10.13 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The stock has a 50 day moving average price of C$42.79 and a 200-day moving average price of C$42.67. Keyera has a 1-year low of C$35.35 and a 1-year 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.

Keyera Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be issued a $0.52 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.73%. Keyera's payout ratio is presently 107.20%.

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.