Keyera Corp Expected to Post Q4 2017 Earnings of $0.41 Per Share (KEY)
Keyera Corp (TSE:KEY) – Research analysts at Cormark cut their Q4 2017 EPS estimates for Keyera Corp in a note issued to investors on Thursday. Cormark analyst B. Watson now forecasts that the company will post earnings per share of $0.41 for the quarter, down from their previous forecast of $0.47. Cormark also issued estimates for Keyera Corp’s Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.50 EPS and Q4 2018 earnings at $0.53 EPS.
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A number of other analysts have also issued reports on KEY. CIBC dropped their price target on shares of Keyera Corp from C$49.00 to C$46.00 in a research note on Thursday. National Bank Financial dropped their price target on shares of Keyera Corp from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating on shares of Keyera Corp in a research note on Thursday, June 1st. AltaCorp Capital lowered shares of Keyera Corp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 9th. Finally, Scotiabank restated a “sector perform” rating and issued a C$42.00 price target on shares of Keyera Corp in a research note on Tuesday, May 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Keyera Corp currently has a consensus rating of “Buy” and an average price target of C$45.44.
Shares of Keyera Corp (KEY) traded down 1.43% on Friday, hitting $36.52. 1,152,316 shares of the stock traded hands. The firm has a market cap of $6.80 billion and a P/E ratio of 27.21. The firm’s 50-day moving average is $39.75 and its 200 day moving average is $39.59. Keyera Corp has a 12-month low of $36.51 and a 12-month high of $43.21.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 24th will be paid a dividend of $0.14 per share. This is a positive change from Keyera Corp’s previous monthly dividend of $0.09. The ex-dividend date is Thursday, July 20th. This represents a $1.68 annualized dividend and a yield of 4.53%.
In other Keyera Corp news, insider Bradley Wayne Lock sold 7,500 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of C$41.10, for a total transaction of C$308,250.00. Also, insider Michael Andrew Freeman sold 7,300 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of C$41.49, for a total transaction of C$302,877.00.
About Keyera Corp
Keyera Corp. operates as an energy midstream company in Canada and the United States. The company operates through Gathering and Processing, and Liquids business units. It owns and operates 15 raw gas gathering pipelines and processing plants with approximately 5,000 kilometers to collect and process raw natural gas, remove waste products, and separate the economic components.
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