Equities Analysts Issue Forecasts for Keyera FY2025 Earnings

Keyera Corp. (TSE:KEY) – Raymond James Financial lowered their FY2025 earnings per share estimates for Keyera in a research note issued on Thursday, July 3rd. Raymond James Financial analyst M. Barth now expects that the company will earn $2.13 per share for the year, down from their previous estimate of $2.19. Raymond James Financial has a “Outperform” rating and a $59.00 price target on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share.

Several other brokerages have also weighed in on KEY. National Bankshares set a C$45.00 price objective on Keyera and gave the stock a “sector perform” rating in a research report on Friday, June 20th. Scotiabank increased their price objective on Keyera from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Monday, June 23rd. Citigroup increased their price objective on Keyera from C$50.00 to C$51.00 and gave the stock a “buy” rating in a research report on Thursday. 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, June 23rd. Finally, CIBC increased their price objective on Keyera from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Monday, June 23rd. Three analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Keyera currently has an average rating of “Buy” and an average target price of C$51.27.

Keyera Trading Up 0.5%

Shares of Keyera stock opened at C$42.98 on Friday. The firm has a market capitalization of C$9.90 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a fifty-two week low of C$35.35 and a fifty-two week high of C$47.90. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The stock has a 50 day moving average of C$42.96 and a 200 day moving average of C$42.66.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a dividend of $0.52 per share. The ex-dividend date was Monday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.84%. Keyera’s dividend payout ratio is currently 107.20%.

About Keyera

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.