Keyera (TSE:KEY) Shares Down 5.5% – What’s Next?

Keyera Corp. (TSE:KEY)’s stock price was down 5.5% on Tuesday . The stock traded as low as C$48.93 and last traded at C$50.06. Approximately 342,373 shares traded hands during trading, a decline of 74% from the average daily volume of 1,332,090 shares. The stock had previously closed at C$52.97.

Key Stories Impacting Keyera

Here are the key news stories impacting Keyera this week:

• Positive Sentiment: Keyera issued an update saying it expects near-term closing of the Plains Canadian NGL acquisition and is continuing through the regulatory process — management’s reaffirmation likely calmed some selling and underpins a recovery in the share price. Keyera Provides Update on Regulatory Process for Plains Acquisition and Confirms Expected Near-Term Closing
• Positive Sentiment: TD Securities kept a Buy rating on KEY, supporting investor sentiment despite trimming the target; keeping institutional support reduces the chance of a large analyst-driven selloff. BayStreet.CA analyst note
• Neutral Sentiment: TD lowered its price target from C$62.00 to C$60.00 — a modest reduction in upside but still implying meaningful upside from current levels, tempering the bullish case slightly. BayStreet.CA analyst note
• Neutral Sentiment: The Competition Bureau announced it will hold a technical briefing on its review of Keyera’s proposed acquisition — this is procedural but keeps regulatory timing and scrutiny front and centre for investors. Media Advisory – Competition Bureau technical briefing
• Negative Sentiment: Canada’s Competition Bureau has advised against the natural gas liquids merger in Fort Saskatchewan and is challenging the Plains deal — this raises the risk the transaction will be blocked, require remedies, or face delay, which is the main downside catalyst for KEY. Competition Bureau advises against NGL merger (MSN)
• Negative Sentiment: Media coverage notes the Competition Bureau is actively challenging the Plains transaction and reported that Keyera shares previously plunged on the news — underscoring that regulatory outcomes can cause sharp volatility. Bloomberg: Regulator challenges Plains deal
• Negative Sentiment: Coverage from industry outlets highlights an antitrust hurdle to the roughly $2.8B Plains NGL acquisition — a potential long-term risk to growth assumptions that underpinned the deal rationale. The Deep Dive: Antitrust hurdle

Analyst Ratings Changes

Several equities analysts recently weighed in on KEY shares. BMO Capital Markets reduced their target price on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. TD reduced their target price on shares of Keyera from C$62.00 to C$60.00 and set a “buy” rating on the stock in a report on Thursday. National Bank Financial reduced their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. TD Securities lifted their target price on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Raymond James Financial lifted their target price on shares of Keyera from C$63.00 to C$66.00 in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Keyera currently has an average rating of “Moderate Buy” and an average price target of C$54.08.

Keyera Price Performance

The stock has a market cap of C$11.61 billion, a PE ratio of 26.80, a P/E/G ratio of 1.35 and a beta of 0.56. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74. The company’s 50 day moving average is C$52.13 and its 200-day moving average is C$47.28.

Keyera (TSE:KEY) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share (EPS) for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The firm had revenue of C$1.70 billion for the quarter. As a group, sell-side analysts predict that Keyera Corp. will post 2.2166667 earnings per share for the current 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 given a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.16 annualized dividend and a dividend yield of 4.3%. Keyera’s payout ratio is presently 112.17%.

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.