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

Keyera Corp. (TSE:KEY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$43.89 and traded as high as C$44.20. Keyera shares last traded at C$44.00, with a volume of 345,420 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KEY. National Bankshares upped their price target on Keyera from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. CIBC boosted their target price on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Four 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 company’s stock. According to data from MarketBeat, Keyera currently has a consensus rating of “Buy” and an average target price of C$52.20.

Keyera Trading Down 0.1%

The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The stock has a market capitalization of C$10.08 billion, a PE ratio of 23.53, a P/E/G ratio of 1.35 and a beta of 0.58. The stock has a 50 day moving average price of C$43.37 and a 200-day moving average price of C$43.89.

Keyera (TSE:KEY) last posted its 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 return on equity of 16.05% and a net margin of 5.97%. Sell-side analysts expect that Keyera Corp. will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.9%. Keyera’s dividend payout ratio (DPR) is presently 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.