Keyera (TSE:KEY) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Keyera Corp. (TSE:KEY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$50.98 and traded as high as C$58.30. Keyera shares last traded at C$56.97, with a volume of 1,175,813 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KEY. Scotia lifted 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 note on Friday, May 15th. TD set a C$68.00 price target on shares of Keyera and gave the company a “buy” rating in a research report on Tuesday, June 9th. Canadian Imperial Bank of Commerce increased their price target on Keyera from C$63.00 to C$65.00 in a report on Tuesday, June 16th. BMO Capital Markets lifted their price objective on Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. Finally, ATB Cormark Capital Markets lifted their price objective on Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$60.64.

Keyera Trading Down 0.8%

The business has a 50 day moving average of C$55.34 and a two-hundred day moving average of C$50.98. The firm has a market capitalization of C$16.72 billion, a price-to-earnings ratio of 72.11, a P/E/G ratio of 1.35 and a beta of 0.47. The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60.

Keyera (TSE:KEY) last announced its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) EPS for the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. The firm had revenue of C$1.30 billion during the quarter. Equities analysts predict that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, June 15th. Keyera’s dividend payout ratio (DPR) is currently 270.89%.

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.