Keyera Corp (KEY) to Release Earnings on Tuesday
Keyera Corp (TSE:KEY) is set to release its earnings data after the market closes on Tuesday, November 7th. Analysts expect Keyera Corp to post earnings of C$0.28 per share for the quarter.
Shares of Keyera Corp (KEY) traded down 0.08% on Tuesday, reaching $37.80. 76,199 shares of the company’s stock traded hands. The firm has a market capitalization of $7.12 billion and a price-to-earnings ratio of 28.04. The company has a 50 day moving average price of $37.93 and a 200 day moving average price of $38.93. Keyera Corp has a 52 week low of $35.31 and a 52 week high of $42.57.
The business also recently declared a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.44%.
In other news, insider Graham Charles Balzun sold 2,100 shares of Keyera Corp stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of C$35.59, for a total value of C$74,739.00. Also, Director Donald J. Nelson bought 1,850 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of C$35.69 per share, for a total transaction of C$66,026.50.
A number of research firms recently commented on KEY. Raymond James Financial, Inc. dropped their target price on shares of Keyera Corp from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th. Scotiabank dropped their target price on shares of Keyera Corp from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Thursday, August 17th. Royal Bank Of Canada dropped their target price on shares of Keyera Corp from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a report on Thursday, August 17th. CIBC dropped their target price on shares of Keyera Corp from C$46.00 to C$45.00 in a report on Tuesday, October 17th. Finally, National Bank Financial dropped their target price on shares of Keyera Corp from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$44.71.
About Keyera Corp
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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