Keyera (TSE:KEY) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Keyera Corp. (TSE:KEY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$42.72 and traded as high as C$44.69. Keyera shares last traded at C$44.27, with a volume of 3,859,214 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KEY shares. Royal Bank Of Canada lifted their target price on shares of Keyera from C$46.00 to C$53.00 in a research report on Friday. Scotiabank lifted their price target on shares of Keyera from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. CIBC cut their price target on shares of Keyera from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. BMO Capital Markets raised Keyera from a “hold” rating to a “strong-buy” rating and lifted their target price for the stock from C$45.50 to C$54.00 in a report on Wednesday. Finally, Raymond James Financial lifted their target price on Keyera from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$49.00.

Keyera Price Performance

The company has a market capitalization of C$10.20 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The business has a 50 day moving average price of C$42.56 and a 200-day moving average price of C$42.72.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.70%. Keyera’s payout ratio is presently 107.20%.

About Keyera

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.