Keyera (TSE:KEY) Shares Cross Above 200 Day Moving Average – What’s Next?

Keyera Corp. (TSE:KEY)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$43.83 and traded as high as C$44.16. Keyera shares last traded at C$43.89, with a volume of 112,198 shares.

Wall Street Analyst Weigh In

KEY has been the subject of a number of research reports. CIBC increased their target price 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. National Bankshares upped their price target on shares of Keyera from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Keyera currently has an average rating of “Buy” and an average target price of C$52.20.

Keyera Price Performance

The firm has a market capitalization of C$10.06 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The firm has a 50 day moving average price of C$43.24 and a 200-day moving average price of C$43.83. 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 (TSE:KEY) last released its earnings results on Friday, November 14th. The company reported C$0.79 earnings per share for the quarter. The firm had revenue of C$1.79 billion for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%. On average, analysts expect that Keyera Corp. will post 2.2166667 earnings per share for the current year.

Keyera Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.16 annualized dividend and a dividend yield of 4.9%. Keyera’s dividend payout ratio is currently 112.30%.

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