Keyera (TSE:KEY) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Keyera Corp. (TSE:KEY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.65 and traded as high as C$59.16. Keyera shares last traded at C$58.25, with a volume of 784,275 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KEY. Jefferies Financial Group set a C$65.00 price objective on Keyera and gave the company a “buy” rating in a research note on Tuesday, May 19th. Royal Bank Of Canada lifted their target price on shares of Keyera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 16th. National Bank Financial upped their price target on shares of Keyera from C$61.00 to C$62.00 and gave the company an “outperform” rating in a report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce increased their price target on shares of Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. Finally, ATB Cormark Capital Markets raised their price target on shares of Keyera from C$55.00 to C$58.00 and gave the stock a “sector perform” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$60.64.

Keyera Trading Down 1.5%

The company has a debt-to-equity ratio of 249.10, a quick ratio of 0.57 and a current ratio of 1.60. The firm has a market capitalization of C$16.84 billion, a PE ratio of 72.63, a P/E/G ratio of 1.35 and a beta of 0.49. The stock’s 50-day simple moving average is C$56.47 and its 200-day simple moving average is C$51.69.

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

Keyera Dividend Announcement

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