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

Keyera Corp. (TSE:KEY - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

Several brokerages have recently weighed in on KEY. ATB Capital increased their price objective on shares of Keyera from C$46.00 to C$48.00 and gave the company a "sector perform" rating in a research report on Monday, June 23rd. TD Securities raised shares of Keyera from a "hold" rating to a "strong-buy" rating and increased their price objective for the company from C$47.00 to C$51.00 in a research report on Friday, June 20th. Raymond James Financial increased their price objective on shares of Keyera from C$51.00 to C$59.00 and gave the company an "outperform" rating in a research report on Monday, June 23rd. Citigroup increased their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, Royal Bank Of Canada increased their price objective on shares of 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 equities research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$51.27.

Keyera Trading Up 0.6%

The firm has a market capitalization of C$9.82 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The business's 50-day moving average is C$42.90 and its 200 day moving average is C$42.64. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57.

Keyera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 30th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend was Monday, June 16th. Keyera's dividend 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.