Keyera Corp to Post Q1 2018 Earnings of $0.25 Per Share, Cormark Forecasts (KEY)
Keyera Corp (TSE:KEY) – Research analysts at Cormark lowered their Q1 2018 earnings per share (EPS) estimates for Keyera in a research note issued to investors on Monday. Cormark analyst B. Watson now expects that the company will earn $0.25 per share for the quarter, down from their prior forecast of $0.26. Cormark also issued estimates for Keyera’s Q2 2018 earnings at $0.20 EPS and FY2018 earnings at $1.56 EPS.
A number of other brokerages also recently commented on KEY. CIBC cut their target price on shares of Keyera from C$46.00 to C$45.00 in a research note on Tuesday, October 17th. Scotiabank reissued a “sector perform” rating and issued a C$41.00 target price on shares of Keyera in a research note on Wednesday, October 11th. TD Securities cut their target price on shares of Keyera from C$44.00 to C$43.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. National Bank Financial dropped their price target on shares of Keyera from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Finally, Royal Bank of Canada dropped their price target on shares of Keyera from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Keyera presently has an average rating of “Buy” and an average price target of C$43.50.
Shares of Keyera (TSE KEY) traded up C$0.44 during mid-day trading on Tuesday, hitting C$35.47. 1,433,769 shares of the stock were exchanged, compared to its average volume of 381,238. Keyera has a fifty-two week low of C$34.07 and a fifty-two week high of C$42.57.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.14 per share. This represents a $1.68 annualized dividend and a yield of 4.74%. The ex-dividend date is Tuesday, November 21st. Keyera’s dividend payout ratio is currently 128.15%.
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Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).
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