Keyera (TSE:KEY) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Keyera Corp. (TSE:KEY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.23 and traded as high as C$42.50. Keyera shares last traded at C$42.19, with a volume of 801,909 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Barclays set a C$46.00 target price on shares of Keyera and gave the stock an “equal weight” rating in a report on Thursday, December 12th. National Bankshares raised their target price on shares of Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Raymond James raised their target price on shares of Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Scotiabank raised their target price on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$44.08.

Keyera Price Performance

The firm has a fifty day moving average of C$43.90 and a 200 day moving average of C$42.23. The company has a market capitalization of C$9.67 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51.

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.08 annualized dividend and a yield of 4.93%. Keyera’s payout ratio is 139.60%.

Insider Buying and Selling at Keyera

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

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.