Scotiabank Has Negative Forecast for Keyera FY2025 Earnings

Keyera Corp. (TSE:KEY) – Research analysts at Scotiabank dropped their FY2025 EPS estimates for shares of Keyera in a research report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.14 for the year, down from their prior forecast of $2.18. Scotiabank has a “Outperform” rating and a $50.00 price target on the stock. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share.

KEY has been the topic of a number of other research reports. BMO Capital Markets lifted their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Royal Bank of Canada upped their price objective on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Citigroup raised their target price on Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Jefferies Financial Group upped their price target on shares of Keyera from C$43.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Raymond James raised their price objective on shares of Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Keyera has an average rating of “Moderate Buy” and an average price target of C$43.62.

Keyera Stock Down 1.4 %

Shares of TSE:KEY opened at C$43.08 on Monday. The company has a market cap of C$9.87 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.35 and a beta of 2.09. Keyera has a fifty-two week low of C$31.16 and a fifty-two week high of C$47.90. The firm’s 50-day simple moving average is C$44.52 and its 200-day simple moving average is C$41.82. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51.

Insiders Place Their Bets

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is currently owned by insiders.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Friday, December 13th. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

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.