Keyera (TSE:KEY) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of Keyera Corp. (TSE:KEYGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$54.55 and traded as high as C$59.45. Keyera shares last traded at C$58.83, with a volume of 642,319 shares.

Analyst Ratings Changes

KEY has been the subject of a number of research analyst reports. Jefferies Financial Group set a C$65.00 price objective on shares of Keyera and gave the company a “buy” rating in a report on Tuesday, May 19th. Scotia upped their target price on shares of Keyera from C$55.00 to C$60.00 and gave the stock a “sector outperform” rating in a research report on Friday, May 15th. TD set a C$68.00 target price on shares of Keyera and gave the company a “buy” rating in a research note on Tuesday, June 9th. ATB Cormark Capital Markets lifted their price target on shares of Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a report on Tuesday, June 16th. Finally, Barclays lifted their price target on shares of Keyera from C$56.00 to C$61.00 in a report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$62.69.

Check Out Our Latest Stock Report on Keyera

Keyera Price Performance

The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The firm has a fifty day simple moving average of C$58.31 and a two-hundred day simple moving average of C$54.65. The firm has a market cap of C$17.50 billion, a PE ratio of 38.99, a PEG ratio of 1.35 and a beta of 0.48.

Keyera (TSE:KEYGet Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%.The firm had revenue of C$2.40 billion during the quarter. Equities analysts predict that Keyera Corp. will post 2.2166667 EPS for the current fiscal year.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a $0.54 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.6%. Keyera’s payout ratio is 141.18%.

Keyera Company Profile

(Get Free Report)

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.

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