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

Keyera Corp. (TSE:KEY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$55.43 and traded as high as C$60.30. Keyera shares last traded at C$60.11, with a volume of 2,416,584 shares traded.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Scotia raised their price target on shares of Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a research note on Friday, May 15th. Royal Bank Of Canada increased their price objective on Keyera from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. BMO Capital Markets raised their target price on Keyera from C$60.00 to C$65.00 in a research report on Tuesday, June 16th. ATB Cormark Capital Markets lifted their target price on Keyera from C$55.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Tuesday, June 16th. Finally, National Bank Financial boosted their price target on Keyera from C$61.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Keyera has an average rating of “Moderate Buy” and an average target price of C$62.69.

Keyera Stock Performance

The stock has a market cap of C$17.40 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 1.35 and a beta of 0.48. The company’s 50 day simple moving average is C$58.72 and its 200 day simple moving average is C$55.51. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22.

Keyera (TSE:KEY) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. The company had revenue of C$2.40 billion during the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. On average, equities research analysts anticipate that Keyera Corp. will post 2.2166667 earnings per share for the current year.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, June 15th. Keyera’s dividend payout ratio is 141.18%.

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.