Atb Cap Markets Has Positive View of Keyera FY2024 Earnings

Keyera Corp. (TSE:KEY) – Equities researchers at Atb Cap Markets upped their FY2024 EPS estimates for Keyera in a research note issued on Thursday, November 14th. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $2.20 per share for the year, up from their previous estimate of $1.98. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. Atb Cap Markets also issued estimates for Keyera’s Q4 2025 earnings at $0.49 EPS, FY2025 earnings at $1.94 EPS and FY2026 earnings at $2.11 EPS.

A number of other analysts have also commented on the company. Jefferies Financial Group lifted their target price on Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Raymond James set a C$47.00 price objective on Keyera and gave the company an “outperform” rating in a research report on Friday, October 11th. ATB Capital boosted their target price on Keyera from C$43.00 to C$44.00 in a research report on Friday. National Bankshares upped their target price on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday. Finally, BMO Capital Markets lifted their price target on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$42.25.

Keyera Price Performance

Shares of KEY opened at C$45.11 on Monday. Keyera has a twelve month low of C$31.16 and a twelve month high of C$45.51. The company has a market capitalization of C$10.34 billion, a P/E ratio of 30.28, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The firm has a 50 day moving average of C$42.78 and a 200 day moving average of C$39.39. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51.

Keyera Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.61%. This is a positive change from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, September 13th. Keyera’s payout ratio is 139.60%.

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.