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

Shares of Keyera Corp. (TSE:KEY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

KEY has been the subject of several analyst reports. TD Securities lifted their price objective on shares of Keyera from C$37.00 to C$38.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. CIBC lifted their target price on shares of Keyera from C$35.00 to C$36.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Citigroup lifted their target price 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 stock a “sector perform” rating in a report on Tuesday, January 30th. Finally, Jefferies Financial Group set a C$38.00 target price on shares of Keyera and gave the stock a “buy” rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$36.67.

Keyera Stock Performance

The firm’s fifty day moving average price is C$34.55 and its 200-day moving average price is C$33.19. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 154.22. The company has a market cap of C$7.92 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.33 and a beta of 2.12.

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

Keyera Announces Dividend

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