Q2 2024 Earnings Forecast for Keyera Corp. (TSE:KEY) Issued By Atb Cap Markets

Keyera Corp. (TSE:KEY) – Stock analysts at Atb Cap Markets boosted their Q2 2024 earnings estimates for shares of Keyera in a research note issued on Tuesday, July 23rd. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.52 per share for the quarter, up from their prior forecast of $0.44. Atb Cap Markets has a “Strong-Buy” rating on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.18 per share.

Keyera (TSE:KEY) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.52 by C($0.21). The business had revenue of C$1.52 billion for the quarter, compared to the consensus estimate of C$1.92 billion. Keyera had a return on equity of 12.77% and a net margin of 5.26%.

A number of other brokerages have also weighed in on KEY. ATB Capital lifted their price objective on shares of Keyera from C$36.00 to C$39.00 in a report on Wednesday. Stifel Nicolaus boosted their price target on Keyera from C$39.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. BMO Capital Markets increased their price objective on Keyera from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. National Bankshares lifted their target price on Keyera from C$34.00 to C$35.00 in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group raised their price target on Keyera from C$38.00 to C$39.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$38.82.

Keyera Stock Down 1.1 %

TSE:KEY opened at C$38.63 on Friday. The stock has a fifty day simple moving average of C$37.17 and a 200-day simple moving average of C$35.08. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 148.21. The company has a market cap of C$8.85 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.35 and a beta of 2.11. Keyera has a twelve month low of C$30.08 and a twelve month high of C$39.27.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date was Friday, June 14th. Keyera’s dividend payout ratio (DPR) is presently 128.21%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment 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; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.