Keyera (TSE:KEY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Keyera Corp. (TSE:KEY)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KEY shares. Scotiabank upped their target price on Keyera from C$65.00 to C$66.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 21st. ATB Cormark Capital Markets lifted their price objective on shares of Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a report on Tuesday, June 16th. BMO Capital Markets raised their price target on shares of Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. National Bank Financial lifted their target price on Keyera from C$61.00 to C$62.00 and gave the company an “outperform” rating in a research report on Tuesday, June 23rd. Finally, 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. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.29.

Keyera Price Performance

The stock has a market cap of C$16.76 billion, a P/E ratio of 72.29, a P/E/G ratio of 1.35 and a beta of 0.48. The business has a 50 day simple moving average of C$58.15 and a 200-day simple moving average of C$53.86. 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 released its earnings results on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. The company had revenue of C$2.40 billion for the quarter. Keyera had a return on equity of 6.59% and a net margin of 2.73%. On average, sell-side analysts forecast that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Dividend Announcement

The business also recently announced 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 was Monday, June 15th. Keyera’s payout ratio is presently 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.