Keyera (KEY) Scheduled to Post Earnings on Thursday

Keyera (TSE:KEY) is set to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of C$0.60 per share for the quarter.

Keyera Trading Up 0.3 %

Shares of Keyera stock opened at C$44.07 on Wednesday. The firm’s 50-day moving average price is C$42.51 and its two-hundred day moving average price is C$39.19. The company has a market capitalization of C$10.10 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. Keyera has a 12-month low of C$31.16 and a 12-month high of C$44.56.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a dividend of $0.52 per share. This is a positive change from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.72%. Keyera’s dividend payout ratio (DPR) is currently 139.60%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KEY. BMO Capital Markets upped their target price on Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Royal Bank of Canada lifted their target price on Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. National Bankshares increased their target price on shares of Keyera from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Citigroup lifted their price target on shares of Keyera from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, ATB Capital raised their target price on shares of Keyera from C$36.00 to C$39.00 in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$41.50.

Keyera Company Profile

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.