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

Keyera Corp. (TSE:KEY) – Investment analysts at Scotiabank dropped their FY2027 earnings per share estimates for Keyera in a research report issued to clients and investors on Thursday, September 17th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $2.90 for the year, down from their prior forecast of $3.00. 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 quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The business had revenue of C$2.40 billion during the quarter.

Several other brokerages have also recently issued reports on KEY. National Bank Financial upped their target price on shares of Keyera from C$61.00 to C$62.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Citigroup boosted their target price on Keyera from C$102.00 to C$106.00 and gave the company a “buy” rating in a report on Friday, September 4th. Desjardins upped their target price on Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a research report on Friday, September 4th. BMO Capital Markets decreased their target price on Keyera from C$65.00 to C$64.00 and set an “outperform” rating for the company in a research report on Friday, September 4th. Finally, ATB Cormark Capital Markets raised their price target on Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 16th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Keyera currently has a consensus rating of “Moderate Buy” and a consensus target price of C$73.00.

Keyera Price Performance

Shares of TSE KEY opened at C$53.63 on Monday. The stock’s 50-day simple moving average is C$58.18 and its 200-day simple moving average is C$55.89. The firm has a market capitalization of C$15.74 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46. Keyera has a fifty-two week low of C$40.09 and a fifty-two 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.

Insider Activity at Keyera

In other news, Director Taylor Timothy Kitchen purchased 500 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were acquired at an average cost of C$55.74 per share, for a total transaction of C$27,870.00. Following the completion of the purchase, the director directly 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 owned by company insiders.

Keyera Increases Dividend

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