FY2018 Earnings Forecast for Keyera Corp Issued By Cormark (KEY)

Keyera Corp (TSE:KEY) – Investment analysts at Cormark dropped their FY2018 earnings per share estimates for Keyera in a report issued on Thursday, November 8th. Cormark analyst B. Watson now anticipates that the company will post earnings of $1.56 per share for the year, down from their prior estimate of $1.92. Cormark also issued estimates for Keyera’s Q1 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $1.76 EPS.

Other equities research analysts have also recently issued reports about the company. Raymond James cut their price target on Keyera from C$43.00 to C$40.00 and set an “outperform” rating for the company in a research note on Thursday, November 8th. BMO Capital Markets boosted their price target on Keyera from C$41.00 to C$43.00 in a research note on Tuesday, September 11th. CIBC cut their target price on Keyera from C$46.00 to C$45.00 in a research note on Wednesday, October 24th. National Bank Financial cut their target price on Keyera from C$45.00 to C$44.00 and set an “outperform” rating for the company in a research note on Wednesday, November 7th. Finally, GMP Securities cut their target price on Keyera from C$40.00 to C$38.00 in a research note on Thursday, November 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Keyera presently has a consensus rating of “Buy” and an average target price of C$41.55.

Shares of KEY stock opened at C$28.72 on Monday. The company has a debt-to-equity ratio of 85.63, a quick ratio of 0.84 and a current ratio of 1.16. Keyera has a 1 year low of C$28.45 and a 1 year high of C$38.91.

In other Keyera news, insider Michael Andrew Freeman sold 3,200 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of C$37.23, for a total transaction of C$119,136.00.

The firm also recently announced a monthly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend is Wednesday, November 21st. Keyera’s payout ratio is presently 105.39%.

Keyera Company Profile

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Marketing segment is involved in the marketing of NGLs, such as propane, butane, condensate, sulphur, and iso-octane, as well as various crude oil midstream activities.

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Earnings History and Estimates for Keyera (TSE:KEY)

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