Scotiabank Issues Optimistic Forecast for Keyera Earnings

Keyera Corp. (TSE:KEY) – Stock analysts at Scotiabank upped their FY2027 earnings per share estimates for shares of Keyera in a research note issued on Wednesday, August 19th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $3.00 per share for the year, up from their previous estimate of $2.96. Scotiabank has a “Sector Outperform” rating and a $66.00 price objective on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share.

Keyera (TSE:KEY) last released its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The business 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%.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada boosted their target price on shares of Keyera from C$62.00 to C$66.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce upped their price target on Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. National Bank Financial increased their price objective on Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 23rd. BMO Capital Markets lifted their target price on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Finally, Scotia increased their price target on shares of Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Keyera presently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.69.

Keyera Trading Up 1.1%

Keyera stock opened at C$59.54 on Friday. Keyera has a 52 week low of C$40.09 and a 52 week high of C$61.41. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The firm has a market capitalization of C$17.47 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 1.35 and a beta of 0.48. The company has a 50 day moving average price of C$58.31 and a 200 day moving average price of C$54.84.

Keyera Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.54 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.16 dividend on an annualized basis and a yield of 3.6%. Keyera’s payout ratio is 141.18%.

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.