Keyera (TSE:KEY) Sets New 12-Month High – Still a Buy?

Posted by Geri Gentry on May 14th, 2026

Shares of Keyera Corp. (TSE:KEY – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$55.18 and last traded at C$55.11, with a volume of 2072173 shares. The stock had previously closed at C$53.02.

Key Headlines Impacting Keyera

Here are the key news stories impacting Keyera this week:

Positive Sentiment: Keyera closed its acquisition of Plains’ Canadian NGL business, a large deal that could expand its asset base, market reach, and future cash flow. The closing came despite regulatory scrutiny, signaling execution on a major strategic transaction. Keyera Announces Closing of Acquisition of Plains’ Canadian NGL Business
Positive Sentiment: The company also announced its quarterly dividend and second-quarter 2026 distribution, which may support investor interest by reinforcing its income profile. Keyera Announces Quarterly Dividend and Second Quarter of 2026 Distribution
Neutral Sentiment: Analysts continue to rate Keyera as a “Moderate Buy,” suggesting the market still has a constructive view on the stock despite near-term volatility. Keyera Corp. (TSE:KEY) Receives Average Recommendation of “Moderate Buy” from Analysts
Negative Sentiment: First-quarter results showed a C$122 million loss and lower revenue year over year, with earnings hit by a maintenance outage. That weaker operational performance is likely weighing on sentiment. Keyera Notches Quarterly Loss After Maintenance Outage

Analysts Set New Price Targets

KEY has been the topic of a number of research reports. National Bank Financial dropped their target price on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 20th. TD lowered their price target on shares of Keyera from C$62.00 to C$60.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. TD Securities boosted their price target on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, February 13th. Barclays boosted their price target on shares of Keyera from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Finally, Raymond James Financial boosted their price target on shares of Keyera from C$63.00 to C$66.00 in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and an average price target of C$54.08.

View Our Latest Report on Keyera

Keyera Price Performance

The stock has a market cap of C$12.64 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 1.35 and a beta of 0.56. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74. The company’s fifty day simple moving average is C$52.21 and its 200-day simple moving average is C$47.56.

Keyera (TSE:KEY – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.53) earnings per share (EPS) for the quarter. The business had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. As a group, sell-side analysts forecast that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, March 16th. Keyera’s payout ratio is currently 112.17%.

About Keyera

(Get Free Report)

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.