Keyera (TSE:KEY) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Keyera Corp. shares crossed above their 200-day moving average, indicating potential bullish momentum with a recent trading price of C$44.77.
• Several analysts have raised their target prices for Keyera, with CIBC projecting an increase to C$56.00 and multiple firms rating the stock as a "Buy" or "Outperform."
• The company has announced a quarterly dividend of $0.52, which reflects a yield of 4.6% and indicates a high dividend payout ratio of 107.20%.

Keyera Corp. (TSE:KEY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.85 and traded as high as C$45.40. Keyera shares last traded at C$44.77, with a volume of 1,992,292 shares traded.

Wall Street Analyst Weigh In

KEY has been the subject of a number of recent analyst reports. Tudor Pickering upgraded Keyera from a "hold" rating to a "strong-buy" rating in a report on Friday, July 25th. Royal Bank Of Canada raised their target price on Keyera from C$46.00 to C$53.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. TD Securities upgraded Keyera from a "hold" rating to a "strong-buy" rating and raised their target price for the company from C$47.00 to C$51.00 in a research note on Friday, June 20th. National Bankshares set a C$45.00 target price on Keyera and gave the company a "sector perform" rating in a research note on Friday, June 20th. Finally, Citigroup raised their target price on Keyera from C$50.00 to C$51.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Keyera currently has an average rating of "Buy" and a consensus target price of C$50.92.

Keyera Stock Performance

The company has a 50 day moving average price of C$43.66 and a 200 day moving average price of C$42.92. 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 company has a market capitalization of C$10.14 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 1.35 and a beta of 0.69.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.7%. Keyera's dividend payout ratio (DPR) is currently 90.04%.

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.