Keyera (TSE:KEY) Shares Pass Above 200 Day Moving Average of $30.11

Keyera Corp. (TSE:KEYGet Rating)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.11 and traded as high as C$30.12. Keyera shares last traded at C$29.99, with a volume of 1,333,838 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KEY shares. Credit Suisse Group raised their price target on Keyera to C$36.00 and gave the company an “outperform” rating in a report on Thursday, December 15th. ATB Capital decreased their price target on Keyera from C$36.00 to C$35.00 in a report on Thursday, November 10th. CSFB decreased their price target on Keyera from C$35.50 to C$35.00 in a report on Tuesday, December 13th. TD Securities decreased their price target on Keyera from C$38.00 to C$36.00 and set a “buy” rating on the stock in a report on Thursday, November 10th. Finally, BMO Capital Markets raised their price target on Keyera from C$33.50 to C$34.00 in a report on Wednesday, December 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Keyera has a consensus rating of “Moderate Buy” and an average target price of C$34.15.

Keyera Stock Up 1.0 %

The company has a market cap of C$6.87 billion and a P/E ratio of 13.21. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 141.30. The business’s 50 day moving average is C$29.53 and its 200 day moving average is C$30.11.

Keyera (TSE:KEYGet Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported C$0.56 EPS for the quarter, topping analysts’ consensus estimates of C$0.44 by C$0.12. The business had revenue of C$1.72 billion during the quarter. As a group, equities analysts anticipate that Keyera Corp. will post 1.9 earnings per share for the current fiscal year.

Keyera Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 16th. Investors of record on Thursday, December 22nd will be paid a $0.16 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date of this dividend is Wednesday, December 21st. Keyera’s dividend payout ratio (DPR) is 84.58%.

Keyera Company Profile

(Get Rating)

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides condensate handling services.

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