Keyera (TSE:KEY) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Keyera Corp. (TSE:KEY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$42.66 and traded as high as C$43.71. Keyera shares last traded at C$42.75, with a volume of 1,333,430 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on KEY. Citigroup lifted their price objective on Keyera from C$50.00 to C$51.00 and gave the stock a “buy” rating in a research report on Thursday. Raymond James Financial lifted their price objective on Keyera from C$51.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Monday, June 23rd. TD Securities raised Keyera from a “hold” rating to a “strong-buy” rating and lifted their price objective for the stock from C$47.00 to C$51.00 in a research report on Friday, June 20th. Scotiabank boosted their target price on Keyera from C$51.00 to C$54.00 and gave the company an “outperform” rating in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada boosted their target price on Keyera from C$46.00 to C$53.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Keyera presently has an average rating of “Buy” and a consensus price target of C$51.27.

Keyera Price Performance

The firm has a market cap of C$9.85 billion, a price-to-earnings ratio of 22.03, 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 simple moving average of C$42.95 and a 200-day simple moving average of C$42.66.

Keyera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were paid a $0.52 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.87%. Keyera’s payout ratio is presently 107.20%.

Keyera Company Profile

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.