Keyera Corp (KEY) Posts Quarterly Earnings Results, Beats Estimates By $0.22 EPS
Keyera Corp (TSE:KEY) posted its quarterly earnings results on Friday. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.22, Stock Ratings Network.com reports.
Shares of Keyera Corp (TSE:KEY) opened at 88.20 on Friday. Keyera Corp has a 1-year low of $54.72 and a 1-year high of $88.52. The stock has a 50-day moving average of $79.61 and a 200-day moving average of $72.55. The company has a market cap of $7.010 billion and a P/E ratio of 36.47.
The company also recently announced a Monthly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.215 per share. This represents a dividend yield of 3.32%. The ex-dividend date is Friday, July 18th.
KEY has been the subject of a number of recent research reports. Analysts at National Bank Financial raised their price target on shares of Keyera Corp from C$80.00 to C$88.00 in a research note on Thursday. They now have an “outperform” rating on the stock. On a related note, analysts at Scotiabank raised their price target on shares of Keyera Corp from C$85.00 to C$95.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Scotiabank upgraded shares of Keyera Corp from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 11th. They now have a C$85.00 price target on the stock, up previously from C$78.00. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$79.11.
Keyera Corp. operates natural gas midstream businesses in Canada. It operates in the oil and gas sector between the upstream sector, which includes oil and gas exploration and production businesses, and the downstream sector, which includes the refining, distribution and retail marketing of finished products.
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