Keyera FY2024 EPS Increased by National Bank Financial

Keyera Corp. (TSE:KEY) – Equities research analysts at National Bank Financial increased their FY2024 earnings per share estimates for Keyera in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will earn $2.32 per share for the year, up from their prior estimate of $2.31. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. National Bank Financial also issued estimates for Keyera’s FY2025 earnings at $2.32 EPS.

KEY has been the subject of a number of other reports. Jefferies Financial Group boosted their target price on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. BMO Capital Markets boosted their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Royal Bank of Canada raised their target price on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. National Bankshares boosted their price target on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Finally, Barclays set a C$46.00 price objective on shares of Keyera and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$43.62.

Keyera Stock Performance

Shares of TSE KEY opened at C$43.79 on Wednesday. The company has a 50 day simple moving average of C$44.36 and a two-hundred day simple moving average of C$41.58. The stock has a market cap of C$10.03 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. Keyera has a 12 month low of C$31.16 and a 12 month high of C$47.90.

Keyera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.75%. The ex-dividend date was Friday, December 13th. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

Insider Buying and Selling at Keyera

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

About Keyera

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.