Keyera (TSE:KEY) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Keyera Corp. shares exceeded their 200-day moving average, trading up to C$45.68 with a volume of 1,465,005 shares on the day observed.
• The company received multiple upgrades from analysts, with TD Securities moving from a "hold" to a "strong-buy" rating and raising its price target from C$47.00 to C$51.00.
• Keyera announced an increase in its quarterly dividend to $0.54 per share, resulting in an annualized payout of $2.16 and a dividend yield of 4.7%.

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$43.25 and traded as high as C$45.68. Keyera shares last traded at C$45.51, with a volume of 1,465,005 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KEY shares. TD Securities upgraded Keyera from a "hold" rating to a "strong-buy" rating and raised their price objective for the stock from C$47.00 to C$51.00 in a research note on Friday, June 20th. Royal Bank Of Canada raised their target price on Keyera from C$46.00 to C$53.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Citigroup boosted their price target on shares of Keyera from C$50.00 to C$51.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Tudor Pickering raised shares of Keyera from a "hold" rating to a "strong-buy" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company boosted their price target on shares of Keyera from C$46.00 to C$47.00 and gave the company an "equal weight" rating in a report on Wednesday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$50.92.

Keyera Trading Up 0.4%

The firm's fifty day moving average price is C$44.10 and its 200-day moving average price is C$43.25. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The company has a market cap of C$10.43 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.35 and a beta of 0.67.

Keyera Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be paid a dividend of $0.54 per share. This is an increase from Keyera's previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, September 15th. Keyera's dividend payout ratio (DPR) is presently 90.04%.

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.

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