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

Keyera Corp. (TSE:KEY)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$43.66 and traded as high as C$45.58. Keyera shares last traded at C$45.55, with a volume of 1,523,930 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on KEY shares. CIBC increased their price target on Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Wells Fargo & Company increased their target price on shares of Keyera from C$46.00 to C$47.00 and gave the company an “equal weight” rating in a report on Wednesday, August 13th. Four investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$51.36.

Keyera Price Performance

The stock has a market cap of C$10.44 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.35 and a beta of 0.58. The business has a 50 day simple moving average of C$43.68 and a 200-day simple moving average of C$43.66. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31.

Keyera (TSE:KEY) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.79 earnings per share for the quarter. The company had revenue of C$1.79 billion for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. On average, sell-side analysts forecast that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, December 15th. Keyera’s dividend payout ratio is currently 112.30%.

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.