Keyera Corp (TSE:KEY) – Equities research analysts at Cormark dropped their FY2018 earnings per share (EPS) estimates for Keyera in a research note issued on Tuesday. Cormark analyst B. Watson now forecasts that the company will post earnings of $1.53 per share for the year, down from their previous estimate of $1.56. Cormark also issued estimates for Keyera’s Q4 2018 earnings at $0.47 EPS, Q2 2019 earnings at $0.40 EPS and Q3 2019 earnings at $0.48 EPS.
A number of other equities analysts have also recently commented on KEY. Canaccord Genuity cut their target price on shares of Keyera from C$46.00 to C$43.00 in a report on Wednesday, February 14th. BMO Capital Markets cut their target price on shares of Keyera from C$43.00 to C$42.00 in a report on Tuesday, February 6th. CIBC cut their target price on shares of Keyera from C$46.00 to C$45.00 in a report on Monday, December 11th. TD Securities cut their target price on shares of Keyera from C$43.00 to C$42.00 and set a “buy” rating on the stock in a report on Monday, December 11th. Finally, Raymond James Financial lifted their target price on shares of Keyera from C$41.00 to C$44.00 and gave the company an “outperform” rating in a report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$42.75.
Keyera (TSE:KEY) remained flat at $C$33.61 during mid-day trading on Wednesday. The company had a trading volume of 103,408 shares, compared to its average volume of 490,129. Keyera has a one year low of C$31.20 and a one year high of C$42.57. The company has a market cap of $6,890.00, a price-to-earnings ratio of 21.97 and a beta of 0.80.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be paid a $0.14 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.68 annualized dividend and a yield of 5.00%. Keyera’s dividend payout ratio is currently 107.84%.
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Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).
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