Keyera Corp (TSE:KEY) – Equities researchers at Cormark lifted their Q1 2018 EPS estimates for Keyera in a research note issued to investors on Tuesday. Cormark analyst B. Watson now forecasts that the company will post earnings per share of $0.39 for the quarter, up from their previous estimate of $0.25. Cormark also issued estimates for Keyera’s Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.32 EPS, Q1 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.46 EPS and FY2019 earnings at $1.72 EPS.
Several other analysts also recently issued reports on KEY. Scotiabank reduced their price objective on Keyera from C$39.00 to C$38.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Canaccord Genuity reduced their price objective on Keyera from C$46.00 to C$43.00 in a research report on Wednesday, February 14th. BMO Capital Markets dropped their target price on Keyera from C$43.00 to C$42.00 in a research note on Tuesday, February 6th. National Bank Financial dropped their target price on Keyera from C$45.00 to C$43.00 and set an “outperform” rating for the company in a research note on Monday, January 29th. Finally, TD Securities dropped their target price on Keyera from C$44.00 to C$43.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$42.75.
Shares of Keyera (TSE KEY) opened at C$33.32 on Thursday. Keyera has a 12-month low of C$31.20 and a 12-month high of C$42.57. The stock has a market capitalization of $6,830.00, a price-to-earnings ratio of 21.78 and a beta of 0.80.
The firm also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.68 annualized dividend and a yield of 5.04%. Keyera’s payout ratio is currently 107.84%.
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Keyera Company Profile
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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