Brokers Set Expectations for Keyera FY2029 Earnings

Keyera Corp. (TSE:KEY) – Investment analysts at Raymond James Financial issued their FY2029 earnings per share (EPS) estimates for Keyera in a report released on Monday, June 23rd. Raymond James Financial analyst M. Barth anticipates that the company will post earnings per share of $3.81 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.

KEY has been the subject of a number of other research reports. National Bankshares set a C$45.00 target price on Keyera and gave the company a “sector perform” rating in a report on Friday, June 20th. Scotiabank upped their target price on shares of Keyera from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank Of Canada raised their price target on shares of Keyera from C$46.00 to C$53.00 and gave the company an “outperform” rating in a report on Friday, June 20th. TD Securities raised shares of Keyera from a “hold” rating to a “strong-buy” rating and upped their price target for the stock from C$47.00 to C$51.00 in a report on Friday, June 20th. Finally, ATB Capital increased their price objective on Keyera from C$46.00 to C$48.00 and gave the stock a “sector perform” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$51.18.

Keyera Stock Performance

TSE:KEY opened at C$43.93 on Tuesday. The business’s fifty day moving average is C$42.71 and its 200 day moving average is C$42.68. The firm has a market cap of C$10.12 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a 52-week low of C$35.35 and a 52-week high of C$47.90.

Keyera Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a $0.52 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.08 annualized dividend and a yield of 4.73%. Keyera’s dividend payout ratio (DPR) 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.