Keyera (TSE:KEY) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Keyera Corp. (TSE:KEY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$53.77 and traded as high as C$58.85. Keyera shares last traded at C$57.20, with a volume of 2,444,657 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on KEY. TD set a C$68.00 price objective on Keyera and gave the stock a “buy” rating in a report on Tuesday, June 9th. Raymond James Financial decreased their price objective on Keyera from C$66.00 to C$65.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Scotia boosted their target price on 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. Canadian Imperial Bank of Commerce upped their target price on Keyera from C$63.00 to C$65.00 in a research note on Tuesday, June 16th. Finally, ATB Cormark Capital Markets increased 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 research report on Tuesday, June 16th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$60.93.

Keyera Stock Down 2.0%

The stock has a 50 day moving average price of C$58.11 and a 200-day moving average price of C$53.77. The stock has a market capitalization of C$16.78 billion, a P/E ratio of 72.41, a PEG ratio of 1.35 and a beta of 0.48. The company has a debt-to-equity ratio of 249.10, a current ratio of 1.60 and a quick ratio of 0.57.

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

Keyera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 15th. Keyera’s payout ratio is 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.