Scotiabank Comments on Keyera’s FY2027 Earnings (TSE:KEY)

Keyera Corp. (TSE:KEY) – Stock analysts at Scotiabank decreased their FY2027 EPS estimates for Keyera in a report released on Thursday, September 17th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.90 for the year, down from their previous forecast of $3.00. Scotiabank currently has a “Sector Outperform” rating and a $66.00 target price on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share.

Keyera (TSE:KEY) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. The company had revenue of C$2.40 billion for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%.

A number of other research firms have also commented on KEY. National Bank Financial raised their price target on Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a report on Tuesday, June 23rd. Citigroup boosted their price objective on Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a research note on Friday, September 4th. BMO Capital Markets cut their target price on Keyera from C$65.00 to C$64.00 and set an “outperform” rating for the company in a research note on Friday, September 4th. Desjardins lifted their target price on Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, Scotia lifted their target price on Keyera from C$88.00 to C$92.00 and gave the company a “sector perform” rating in a report on Friday, September 4th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Keyera has a consensus rating of “Moderate Buy” and a consensus target price of C$73.00.

Keyera Stock Down 0.4%

Keyera stock opened at C$53.43 on Monday. The firm has a 50 day simple moving average of C$58.08 and a 200 day simple moving average of C$55.90. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 160.65. Keyera has a 1-year low of C$40.09 and a 1-year high of C$61.41. The firm has a market capitalization of C$15.68 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 1.35 and a beta of 0.46.

Keyera Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th. This is an increase from Keyera’s previous quarterly dividend of $0.54. Keyera’s payout ratio is 141.18%.

Insider Buying and Selling at Keyera

In other Keyera news, Director Taylor Timothy Kitchen purchased 500 shares of the company’s stock in a transaction dated Friday, September 4th. The stock was purchased at an average price of C$55.74 per share, for a total transaction of C$27,870.00. Following the transaction, the director owned 7,500 shares in the company, valued at C$418,050. The trade was a 7.14% increase in their position. 0.39% of the stock is currently owned by insiders.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.