Keyera (TSE:KEY) Stock Passes Above 200 Day Moving Average – Time to Sell?

Keyera Corp. (TSE:KEY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$38.66 and traded as high as C$42.94. Keyera shares last traded at C$42.76, with a volume of 927,654 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KEY. BMO Capital Markets raised their price objective on Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. National Bankshares raised their target price on Keyera from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Raymond James set a C$47.00 target price on Keyera and gave the company an “outperform” rating in a research note on Friday, October 11th. Scotiabank raised their target price on Keyera from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, ATB Capital raised their target price on Keyera from C$36.00 to C$39.00 in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$41.50.

Keyera Trading Up 0.5 %

The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The company has a fifty day moving average of C$41.88 and a two-hundred day moving average of C$38.66. The stock has a market capitalization of C$9.80 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.62 EPS for the quarter, topping analysts’ consensus estimates of C$0.54 by C$0.08. The business had revenue of C$1.72 billion for the quarter. Keyera had a return on equity of 12.02% and a net margin of 4.86%. On average, research analysts expect that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.52 dividend. This is a boost from Keyera’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.08 annualized dividend and a yield of 4.86%. Keyera’s dividend payout ratio is 139.60%.

Insider Activity at Keyera

In related news, Senior Officer Eileen Marikar sold 1,888 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total value of C$74,953.79. 0.39% of the stock is currently owned by corporate insiders.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment 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; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.