Keyera (TSE:KEY) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Keyera shares rose above their 200-day moving average, trading as high as C$59.45 and last changing hands at C$58.83, compared with the C$54.55 average.
• Analyst sentiment remains positive: 11 analysts rate the stock Buy and two rate it Hold, producing a consensus “Moderate Buy” rating and a C$62.69 price target.
• Keyera reported C$1.19 in quarterly EPS on C$2.40 billion in revenue and pays a quarterly dividend of $0.54 per share, equivalent to a 3.7% yield; however, its 141.18% payout ratio is notably high.

Keyera Corp. (TSE:KEY - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$54.55 and traded as high as C$59.45. Keyera shares last traded at C$58.83, with a volume of 642,319 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James Financial reduced their target price on shares of Keyera from C$66.00 to C$65.00 and set an "outperform" rating for the company in a report on Tuesday, June 23rd. Royal Bank Of Canada raised their price objective on Keyera from C$62.00 to C$66.00 and gave the stock an "outperform" rating in a research note on Monday, August 10th. National Bank Financial boosted their price objective on Keyera from C$61.00 to C$62.00 and gave the stock an "outperform" rating in a report on Tuesday, June 23rd. Barclays upped their price target on shares of Keyera from C$56.00 to C$61.00 in a research report on Friday, August 7th. Finally, Jefferies Financial Group set a C$65.00 price objective on shares of Keyera and gave the stock a "buy" rating in a research report on Tuesday, May 19th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$62.69.

Keyera Trading Up 0.1%

The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The company has a 50 day simple moving average of C$58.26 and a two-hundred day simple moving average of C$54.55. The company has a market cap of C$17.26 billion, a PE ratio of 38.45, a PEG ratio of 1.35 and a beta of 0.48.

Keyera (TSE:KEY - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The business had revenue of C$2.40 billion during the quarter. Sell-side analysts forecast that Keyera Corp. will post 2.2166667 EPS for the current year.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, June 15th. Keyera's dividend payout ratio (DPR) is currently 141.18%.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.

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