Keyera (TSE:KEY) Hits New 12-Month High – Here’s Why

Keyera Corp. (TSE:KEY)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$55.18 and last traded at C$55.11, with a volume of 2072173 shares traded. The stock had previously closed at C$53.02.

More Keyera News

Here are the key news stories impacting Keyera this week:

• Positive Sentiment: Multiple brokerages raised their price targets on Keyera, including BMO, TD, Raymond James, Scotia, Royal Bank of Canada, ATB Cormark, and National Bank Financial. Several firms kept bullish ratings such as “outperform,” “buy,” and “sector outperform,” suggesting analysts see further upside despite the recent run-up. Article Title
• Positive Sentiment: Keyera completed its acquisition of Plains’ Canadian natural gas liquids business, a deal that could strengthen long-term scale and cash flow, even though it faced scrutiny from Canada’s Competition Bureau. Article Title
• Neutral Sentiment: Keyera also announced its quarterly dividend and second-quarter 2026 distribution, which supports the income-investor case but does not appear to be a new catalyst by itself. Article Title
• Negative Sentiment: The company reported a first-quarter loss of C$122 million and revenue that declined from a year ago, with market commentary pointing to a maintenance outage as a drag on results. That weak earnings update may limit enthusiasm after the analyst upgrades. Article Title

Analysts Set New Price Targets

KEY has been the topic of a number of research reports. TD Securities raised their price objective on Keyera from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday, February 13th. ATB Cormark Capital Markets raised their price objective on Keyera from C$52.00 to C$54.00 and gave the stock a “sector perform” rating in a report on Friday. National Bank Financial raised their price objective on Keyera from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday. BMO Capital Markets raised their price objective on Keyera from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Scotia raised their price objective on Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Keyera currently has an average rating of “Moderate Buy” and an average target price of C$56.69.

Keyera Trading Up 4.2%

The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. The company has a market capitalization of C$13.17 billion, a PE ratio of 30.39, a P/E/G ratio of 1.35 and a beta of 0.56. The business has a fifty day moving average price of C$52.36 and a 200 day moving average price of C$47.71.

Keyera (TSE:KEY) last posted its earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The company had revenue of C$1.30 billion during the quarter. Analysts expect that Keyera Corp. will post 2.2166667 EPS for the current fiscal year.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.54 dividend. The ex-dividend date was Monday, March 16th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.8%. Keyera’s dividend payout ratio (DPR) is 112.17%.

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