Keyera (TSE:KEY) Share Price Passes Above 200-Day Moving Average of $32.92

Keyera Corp. (TSE:KEY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$32.92 and traded as high as C$35.33. Keyera shares last traded at C$34.70, with a volume of 861,458 shares trading hands.

Analyst Ratings Changes

Several research firms have recently commented on KEY. BMO Capital Markets lifted their price target on shares of Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a research report on Thursday, February 15th. CIBC boosted their price objective on shares of Keyera from C$35.00 to C$36.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Citigroup upped their price objective on shares of Keyera from C$35.00 to C$37.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. National Bankshares lifted their target price on shares of Keyera from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th. Finally, Jefferies Financial Group set a C$38.00 price target on Keyera and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$36.75.

Keyera Trading Down 1.4 %

The firm has a market cap of C$7.95 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.33 and a beta of 2.12. The company has a debt-to-equity ratio of 154.22, a current ratio of 1.34 and a quick ratio of 0.57. The company’s 50 day simple moving average is C$33.92 and its 200 day simple moving average is C$32.92.

Keyera (TSE:KEY) last released its earnings results on Wednesday, February 14th. The company reported C$0.93 EPS for the quarter, topping the consensus estimate of C$0.56 by C$0.37. The firm had revenue of C$2.30 billion during the quarter, compared to analysts’ expectations of C$1.59 billion. Keyera had a return on equity of 15.15% and a net margin of 6.01%. As a group, research analysts expect that Keyera Corp. will post 1.9117965 earnings per share for the current fiscal year.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.00 annualized dividend and a yield of 5.76%. Keyera’s dividend payout ratio (DPR) is 108.11%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.