Analysts Issue Forecasts for Keyera Corp.'s FY2024 Earnings (TSE:KEY)

Keyera Corp. (TSE:KEY - Free Report) - Analysts at National Bank Financial raised their FY2024 earnings estimates for Keyera in a report released on Wednesday, May 15th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.06 per share for the year, up from their prior forecast of $1.92. The consensus estimate for Keyera's current full-year earnings is $1.93 per share.

KEY has been the subject of several other reports. BMO Capital Markets raised their price objective on shares of Keyera from C$36.00 to C$38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 15th. Scotiabank raised their price objective on shares of Keyera from C$38.00 to C$40.00 and gave the company an "outperform" rating in a research note on Wednesday, May 15th. Jefferies Financial Group raised their price objective on shares of Keyera from C$38.00 to C$39.00 and gave the company a "buy" rating in a research note on Wednesday, May 15th. CIBC lifted their price target on shares of Keyera from C$36.00 to C$37.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 15th. Finally, Citigroup lifted their price target on shares of Keyera from C$37.00 to C$40.00 and gave the stock a "buy" rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$38.17.

Keyera Stock Performance

TSE KEY traded up C$0.05 during mid-day trading on Monday, reaching C$36.74. 1,212,087 shares of the stock were exchanged, compared to its average volume of 850,959. The company has a debt-to-equity ratio of 154.22, a quick ratio of 0.57 and a current ratio of 1.34. The company has a market capitalization of C$8.42 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.33 and a beta of 2.11. Keyera has a 1 year low of C$29.31 and a 1 year high of C$36.94. The business's 50 day moving average is C$34.95 and its 200-day moving average is C$33.43.

Keyera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.44%. Keyera's dividend payout ratio (DPR) is 108.11%.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.