Scotiabank Has Bullish Forecast for Keyera FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 earnings forecast for Keyera to C$1.89 per share from C$1.56 and maintained a “Sector Outperform” rating with a C$66 price target.
• Analyst sentiment is broadly positive: 11 analysts rate Keyera a Buy and two rate it Hold, producing a “Moderate Buy” consensus rating and an average target price of C$62.69.
• Keyera declared a quarterly dividend of C$0.54, equivalent to C$2.16 annually and a 3.7% yield, though its payout ratio remains high at 141.18%.

Keyera Corp. (TSE:KEY - Free Report) - Stock analysts at Scotiabank raised their FY2026 earnings estimates for shares of Keyera in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $1.89 per share for the year, up from their prior estimate of $1.56. Scotiabank has a "Sector Outperform" rating and a $66.00 price objective on the stock. The consensus estimate for Keyera's current full-year earnings is $2.22 per share.

A number of other research firms also recently issued reports on KEY. BMO Capital Markets boosted their price target on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Scotia increased their price objective on shares of Keyera from C$55.00 to C$60.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 15th. Raymond James Financial dropped their price objective on shares of Keyera from C$66.00 to C$65.00 and set an "outperform" rating on the stock in a report on Tuesday, June 23rd. National Bank Financial boosted 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 report on Tuesday, June 23rd. Finally, TD set a C$68.00 target price on shares of Keyera and gave the company a "buy" rating in a report on Tuesday, June 9th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$62.69.

Keyera Price Performance

KEY stock opened at C$58.71 on Monday. The company has a market cap of C$17.23 billion, a price-to-earnings ratio of 38.37, a P/E/G ratio of 1.35 and a beta of 0.48. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The business's 50-day moving average is C$58.31 and its two-hundred day moving average is C$54.93. Keyera has a fifty-two week low of C$40.09 and a fifty-two week high of C$61.41.

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

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.54 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.16 dividend on an annualized basis and a yield of 3.7%. Keyera's dividend payout ratio is presently 141.18%.

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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