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

Keyera Corp. (TSE:KEY)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$42.85 and traded as high as C$43.48. Keyera shares last traded at C$43.42, with a volume of 1,451,121 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. CIBC lifted their price target on Keyera from C$46.00 to C$48.00 in a research note on Friday, February 14th. BMO Capital Markets lifted their target price on shares of Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Raymond James increased their price target on shares of Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. ATB Capital lifted their price objective on Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Finally, Cibc World Mkts upgraded Keyera from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$44.77.

Keyera Stock Up 1.9 %

The firm has a fifty day simple moving average of C$42.27 and a 200 day simple moving average of C$42.85. 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 company has a market cap of C$10.00 billion, a PE ratio of 22.38, a PEG 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 Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend was Friday, December 13th. Keyera’s dividend payout ratio is currently 107.20%.

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.