Keyera (TSE:KEY) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Keyera Corp. (TSE:KEY)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.05 and traded as high as C$42.50. Keyera shares last traded at C$42.41, with a volume of 930,262 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. National Bankshares raised their price objective on shares of Keyera from C$38.00 to C$39.00 in a research note on Friday, November 15th. Barclays set a C$46.00 price objective on shares of Keyera and gave the company an “equal weight” rating in a report on Thursday, December 12th. TD Securities set a C$45.00 target price on shares of Keyera and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Citigroup lifted their price target on Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. Finally, ATB Capital increased their price target on Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$44.08.

Keyera Price Performance

The stock has a 50-day simple moving average of C$44.34 and a 200 day simple moving average of C$42.05. The company has a market cap of C$9.72 billion, a PE ratio of 28.46, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, December 13th. Keyera’s dividend payout ratio (DPR) is 139.60%.

Insider Transactions at Keyera

In related news, Director James Vance Bertram sold 50,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

Keyera Company Profile

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.