Keyera (TSE:KEY) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Keyera Corp. (TSE:KEY) shares have crossed above their 200-day moving average, indicating positive momentum, with the last traded price at C$44.10.
• Several analysts have upgraded Keyera's ratings, with price targets now ranging from C$45.00 to C$59.00, and a consensus price target of C$50.92.
• Keyera recently announced a quarterly dividend of $0.52, translating to an annualized yield of 4.7%, despite a high payout ratio of 107.20%.

Keyera Corp. (TSE:KEY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$42.70 and traded as high as C$44.21. Keyera shares last traded at C$44.10, with a volume of 1,169,358 shares changing hands.

Analyst Upgrades and Downgrades

KEY has been the topic of several research analyst reports. Tudor Pickering upgraded Keyera from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 25th. TD Securities upgraded Keyera from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from C$47.00 to C$51.00 in a research note on Friday, June 20th. CIBC boosted their target price on Keyera from C$47.00 to C$56.00 and gave the stock an "outperform" rating in a research note on Monday, June 23rd. Royal Bank Of Canada boosted their target price on Keyera from C$46.00 to C$53.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Finally, BMO Capital Markets upgraded Keyera from a "hold" rating to a "strong-buy" rating and boosted their target price for the stock from C$45.50 to C$54.00 in a research note on Wednesday, June 18th. Four research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$50.92.

Keyera Trading Up 0.0%

The stock has a 50-day simple moving average of C$43.50 and a 200 day simple moving average of C$42.80. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The company has a market cap of C$10.47 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 4.6%. Keyera's payout ratio is currently 107.20%.

About Keyera

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.