Atb Cap Markets Raises FY2024 EPS Estimates for Keyera

On February 6th, 2025, analysts at Atb Capital Markets announced an increase in their earnings per share (EPS) estimates for Keyera Corp. (TSE:KEY). The revised estimate for fiscal year 2024 is now $2.22 per share, up slightly from the previous forecast of $2.20. This adjustment aligns with the consensus estimate for Keyera's full-year earnings, which also stands at $2.22 per share. Furthermore, Atb Capital Markets anticipates that Keyera will report earnings of $0.49 per share for the fourth quarter of 2024.

In addition to this adjustment, Keyera has been reviewed in several other research reports. On November 15th, ATB Capital raised their price target for Keyera from C$43.00 to C$44.00. Following this, TD Securities set a target price of C$45.00 and classified the stock with a “hold” rating on January 15th. BMO Capital Markets also increased their price target from C$41.00 to C$44.00 on the same day. In December, Raymond James increased their target from C$47.00 to C$48.00 and rated the stock as “outperform.” Later, Barclays set a target price of C$46.00 while giving the stock an “equal weight” rating.

Overall, the consensus among analysts is cautiously optimistic, with five analysts rating the stock as a hold, seven issuing buy ratings, and one providing a strong buy rating. Keyera currently enjoys an average rating of “Moderate Buy” with an average target price of C$44.08 according to MarketBeat.com.

Keyera Stock Overview

As of Monday, Keyera's shares opened at C$42.45. The stock has a fifty-day simple moving average of C$43.15 and a two-hundred day simple moving average of C$42.43. Financial metrics show a quick ratio of 0.57, a current ratio of 1.30, and a significant debt-to-equity ratio of 143.51. Keyera's market capitalization stands at C$9.73 billion, with a P/E ratio of 28.49 and a PEG ratio of 1.35. Over the past year, the stock has fluctuated between a low of C$31.57 and a high of C$47.90.

Insider Activity

In recent insider trading activity, Director James Vance Bertram sold 50,000 shares of Keyera on December 5th, amounting to a total of C$2,318,750 at an average price of C$46.38 per share. Currently, company insiders hold about 0.39% of the total stock.

Dividend Information

Keyera has also recently declared a quarterly dividend, which was paid on December 31st, amounting to $0.52 per share to investors on record as of that date. The ex-dividend date was December 13th. This dividend results in an annualized payout of $2.08, corresponding to a yield of 4.90%. However, the company’s current dividend payout ratio (DPR) stands at an elevated 139.60%.

About Keyera Corp.

Keyera Corp. is primarily a midstream energy company based in Alberta, Canada. Its key operations focus on the gathering and processing of natural gas in Western Canada, as well as the storage, transportation, and blending of natural gas liquids (NGLs) and crude oil. Keyera also engages in the marketing of NGLs, iso-octane, and crude oil.

Earnings, Stocks, Keyera