Keyera (TSE:KEY) Stock Price Crosses Above Two Hundred Day Moving Average of $33.19

Keyera Corp. (TSE:KEY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$33.19 and traded as high as C$35.16. Keyera shares last traded at C$34.58, with a volume of 551,019 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KEY shares. Stifel Nicolaus boosted their price objective on Keyera from C$32.00 to C$38.00 and gave the company a “buy” rating in a report on Thursday, April 25th. TD Securities raised their price target on shares of Keyera from C$37.00 to C$38.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Jefferies Financial Group set a C$38.00 price objective on Keyera and gave the stock a “buy” rating in a report on Tuesday, February 27th. BMO Capital Markets raised their target price on Keyera from C$35.00 to C$36.00 and gave the company a “market perform” rating in a report on Thursday, February 15th. Finally, CIBC upped their price target on Keyera from C$35.00 to C$36.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$36.67.

Keyera Trading Down 0.0 %

The company has a debt-to-equity ratio of 154.22, a quick ratio of 0.57 and a current ratio of 1.34. The firm has a 50 day simple moving average of C$34.55 and a two-hundred day simple moving average of C$33.19. The firm has a market capitalization of C$7.92 billion, a P/E ratio of 18.69, a PEG ratio of 1.33 and a beta of 2.12.

Keyera (TSE:KEY) last issued its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, beating the consensus estimate of C$0.56 by C$0.37. The business had revenue of C$2.30 billion for 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%. Equities research analysts forecast that Keyera Corp. will post 1.9117965 earnings per share for the current year.

Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend was Thursday, March 14th. Keyera’s payout ratio is 108.11%.

Keyera Company Profile

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.