Keyera (TSE:KEY) Shares Pass Above 200-Day Moving Average – What’s Next?

Keyera Corp. (TSE:KEY) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$43.05 and traded as high as C$45.32. Keyera shares last traded at C$44.94, with a volume of 969,478 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Scotiabank increased their price objective on shares of Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Raymond James raised their price target on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. TD Securities set a C$45.00 price target on shares of Keyera and gave the stock a “hold” rating in a report on Wednesday, January 15th. Barclays set a C$46.00 target price on Keyera and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada upped their price target on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Keyera currently has a consensus rating of “Moderate Buy” and an average target price of C$44.77.

Keyera Stock Performance

The company’s 50 day simple moving average is C$42.13 and its 200 day simple moving average is C$43.05. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The stock has a market cap of C$10.35 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, March 17th. Keyera’s dividend payout ratio is presently 107.20%.

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.