Keyera Corp (TSE:KEY) - Research analysts at Cormark reduced their Q3 2017 EPS estimates for Keyera Corp in a research note issued to investors on Thursday. Cormark analyst B. Watson now expects that the company will post earnings of $0.28 per share for the quarter, down from their prior estimate of $0.46. Cormark also issued estimates for Keyera Corp’s FY2017 earnings at $1.57 EPS and FY2018 earnings at $2.00 EPS.
Other equities research analysts also recently issued research reports about the stock. AltaCorp Capital downgraded shares of Keyera Corp from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, May 9th. CIBC dropped their target price on shares of Keyera Corp from C$49.00 to C$46.00 in a research report on Thursday, August 10th. Scotiabank reissued a “sector perform” rating and issued a C$42.00 target price on shares of Keyera Corp in a research report on Tuesday, May 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Keyera Corp in a research report on Thursday, June 1st. Finally, 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 for the company in a research report on Friday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$44.86.
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Keyera Corp (TSE KEY) opened at 35.78 on Monday. The stock’s 50 day moving average price is $39.49 and its 200-day moving average price is $39.54. The firm has a market capitalization of $6.67 billion and a price-to-earnings ratio of 26.66. Keyera Corp has a 12 month low of $35.31 and a 12 month high of $43.21.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be issued a $0.14 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, August 18th.
In other news, insider Michael Andrew Freeman sold 7,300 shares of Keyera Corp stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of C$41.49, for a total value of C$302,877.00. Also, insider Bradley Wayne Lock sold 7,500 shares of Keyera Corp stock in a transaction dated Friday, June 16th. The shares were sold at an average price of C$41.10, for a total transaction of C$308,250.00.
Keyera Corp Company Profile
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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