Keyera (KEY) to Release Earnings on Thursday

Keyera (TSE:KEY) is scheduled to be releasing its earnings data before the market opens on Thursday, August 8th. Analysts expect Keyera to post earnings of C$0.52 per share for the quarter.

Keyera (TSE:KEY) last announced its 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). Keyera had a return on equity of 12.77% and a net margin of 5.26%. The firm had revenue of C$1.52 billion for the quarter, compared to analyst estimates of C$1.92 billion.

Keyera Trading Up 0.6 %

Shares of KEY stock opened at C$38.25 on Wednesday. Keyera has a 12-month low of C$30.08 and a 12-month high of C$39.39. The company has a market capitalization of C$8.76 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.35 and a beta of 2.11. The firm has a 50-day moving average price of C$37.49 and a 200 day moving average price of C$35.41. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 148.21.

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Friday, June 14th. Keyera’s dividend payout ratio is currently 128.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KEY. National Bankshares lifted their price target on shares of Keyera from C$34.00 to C$35.00 in a report on Wednesday, May 15th. Jefferies Financial Group lifted their price target on shares of Keyera from C$39.00 to C$43.00 and gave the company a “buy” rating in a report on Monday, July 29th. BMO Capital Markets lifted their price target on shares of Keyera from C$36.00 to C$38.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. TD Securities raised their price objective on shares of Keyera from C$38.00 to C$39.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Finally, CIBC raised their price objective on shares of Keyera from C$37.00 to C$39.00 in a research report on Monday, July 15th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Keyera presently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.18.

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.