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

Keyera Corp. (TSE:KEY)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$43.05 and traded as high as C$45.32. Keyera shares last traded at C$44.94, with a volume of 969,478 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Securities set a C$45.00 target price on Keyera and gave the stock a “hold” rating in a research report on Wednesday, January 15th. CIBC upped their price objective on Keyera from C$46.00 to C$48.00 in a research note on Friday, February 14th. Cibc World Mkts upgraded Keyera from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Barclays set a C$46.00 target price on shares of Keyera and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada raised their target price on shares of Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$44.77.

Keyera Trading Down 0.7 %

The company’s fifty day moving average is C$42.22 and its 200-day moving average is C$43.12. 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 firm has a market capitalization of C$10.32 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.35 and a beta of 2.09.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Monday, March 17th. Keyera’s payout ratio is 107.20%.

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.