Keyera (TSE:KEY) Stock Passes Above 200 Day Moving Average - Here's What Happened

Shares of Keyera Corp. (TSE:KEY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$42.72 and traded as high as C$44.69. Keyera shares last traded at C$44.27, with a volume of 3,859,214 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Keyera from C$46.00 to C$53.00 and gave the company an "outperform" rating in a report on Friday. BMO Capital Markets upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating and lifted their target price for the company from C$45.50 to C$54.00 in a research report on Wednesday, June 18th. Scotiabank raised their price target 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. TD Securities upgraded Keyera from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from C$47.00 to C$51.00 in a research note on Friday. Finally, ATB Capital increased their target price on Keyera from C$46.00 to C$48.00 and gave the stock a "sector perform" rating in a report on Monday. Three 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$51.18.

Keyera Price Performance

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 stock has a market capitalization of C$10.08 billion, a P/E ratio of 22.55, a PEG ratio of 1.35 and a beta of 2.09. The company has a fifty day simple moving average of C$42.62 and a two-hundred day simple moving average of C$42.66.

Keyera Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be given a $0.52 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.75%. Keyera's dividend payout ratio is currently 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.