Keyera (TSE:KEY) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Keyera Corp. (TSE:KEY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$42.65 and traded as high as C$42.75. Keyera shares last traded at C$42.65, with a volume of 1,480,934 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. ATB Capital upped their price target on shares of Keyera from C$46.00 to C$48.00 and gave the company a "sector perform" rating in a research note on Monday, June 23rd. Scotiabank lifted their target price on Keyera from C$51.00 to C$54.00 and gave the company an "outperform" rating in a report on Monday, June 23rd. CIBC increased their price objective on Keyera from C$47.00 to C$56.00 and gave the company an "outperform" rating in a research note on Monday, June 23rd. Raymond James Financial raised their price objective on Keyera from C$51.00 to C$59.00 and gave the company an "outperform" rating in a research report on Monday, June 23rd. Finally, National Bankshares set a C$45.00 price objective on Keyera and gave the stock a "sector perform" rating in a report on Friday, June 20th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock 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$9.96 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a 50 day moving average of C$42.90 and a 200 day moving average of C$42.64. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given 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 4.81%. Keyera's payout ratio is 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.