Keyera (TSE:KEY) Stock Passes Above 200-Day Moving Average – Time to Sell?

Keyera Corp. (TSE:KEY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$43.10 and traded as high as C$44.32. Keyera shares last traded at C$43.44, with a volume of 998,234 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Securities set a C$45.00 target price on Keyera and gave the company a “hold” rating in a research report on Wednesday, January 15th. CIBC cut their target price on Keyera from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Finally, Cibc World Mkts raised Keyera from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$44.69.

Keyera Price Performance

The firm has a 50-day simple moving average of C$42.63 and a two-hundred day simple moving average of C$43.10. The company has a market capitalization of C$10.01 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.79%. The ex-dividend date was Monday, March 17th. 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.