Keyera (TSE:KEY) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Keyera Corp. (TSE:KEY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$43.23 and traded as high as C$45.37. Keyera shares last traded at C$45.21, with a volume of 1,547,835 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on KEY. CIBC increased their price target on Keyera from C$46.00 to C$48.00 in a report on Friday, February 14th. TD Securities set a C$45.00 target price on Keyera and gave the stock a “hold” rating in a report on Wednesday, January 15th. Cibc World Mkts raised Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Raymond James raised their price objective on shares of Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lifted their price objective on shares of Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$44.77.

Keyera Price Performance

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 business has a 50 day simple moving average of C$42.44 and a 200-day simple moving average of C$43.23. The firm has a market cap of C$10.41 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.08 annualized dividend and a yield of 4.60%. Keyera’s dividend payout ratio (DPR) is currently 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.