Keyera (TSE:KEY) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Keyera Corp.'s shares surpassed their 200-day moving average, trading at C$43.41, indicating strong market interest.
• Multiple analysts have upgraded Keyera's stock, with TD Securities and BMO Capital Markets giving it a "strong-buy" rating and raising price targets significantly, reflecting positive market sentiment.
• Keyera recently announced a quarterly dividend of $0.52 per share, representing an annual yield of 4.79% with a payout ratio of 107.20%.

Keyera Corp. (TSE:KEY - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$42.56 and traded as high as C$43.41. Keyera shares last traded at C$43.41, with a volume of 735,757 shares.

Analyst Upgrades and Downgrades

KEY has been the topic of several research reports. CIBC raised their price objective on shares of Keyera from C$47.00 to C$56.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd. Scotiabank increased their target price on shares of Keyera from C$51.00 to C$54.00 and gave the stock an "outperform" rating in a research note on Monday, June 23rd. ATB Capital raised their price target on Keyera from C$46.00 to C$48.00 and gave the stock a "sector perform" rating in a report on Monday, June 23rd. BMO Capital Markets raised Keyera from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from C$45.50 to C$54.00 in a research note on Wednesday, June 18th. Finally, National Bankshares set a C$45.00 price objective on Keyera and gave the stock a "sector perform" rating in a research report on Friday, June 20th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$51.27.

Keyera Price Performance

The company has a 50 day moving average of C$42.97 and a 200 day moving average of C$42.58. The stock has a market capitalization of C$10.05 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, June 16th. Keyera's dividend payout ratio is presently 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.