Scotiabank Has Bearish Outlook for Keyera FY2026 Earnings

Keyera Corp. (TSE:KEY) – Equities researchers at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for Keyera in a research report issued on Friday, January 23rd. Scotiabank analyst R. Hope now expects that the company will post earnings of $2.30 per share for the year, down from their previous forecast of $2.52. The consensus estimate for Keyera’s current full-year earnings is $2.22 per share. Scotiabank also issued estimates for Keyera’s FY2027 earnings at $3.07 EPS.

A number of other brokerages have also commented on KEY. BMO Capital Markets decreased their price target on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. TD Securities reduced their target price on Keyera from C$54.00 to C$52.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. CIBC lifted their price target on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. National Bankshares decreased their price objective on Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 20th. Finally, Barclays lowered their target price on Keyera from C$45.00 to C$43.00 in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$51.00.

Keyera Stock Up 1.2%

KEY stock opened at C$44.23 on Monday. The company’s 50 day moving average is C$43.92 and its 200 day moving average is C$43.89. The stock has a market cap of C$10.14 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. Keyera has a 1-year low of C$37.80 and a 1-year high of C$47.12.

Keyera (TSE:KEY) last released its quarterly earnings results on Friday, November 14th. The company reported C$0.79 earnings per share for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%.The firm had revenue of C$1.79 billion for the quarter.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, December 15th. Keyera’s dividend payout ratio is currently 112.30%.

About Keyera

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.