Keyera (TSE:KEY) Stock Price Crosses Above Two Hundred Day Moving Average of $34.02

Keyera Corp. (TSE:KEY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$34.02 and traded as high as C$36.60. Keyera shares last traded at C$36.28, with a volume of 1,511,381 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. National Bankshares increased their price objective on shares of Keyera from C$34.00 to C$35.00 in a research report on Wednesday, May 15th. Citigroup raised their price objective on shares of Keyera from C$37.00 to C$40.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Atb Cap Markets upgraded shares of Keyera from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 15th. ATB Capital boosted their price target on shares of Keyera from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company boosted their price target on shares of Keyera from C$34.00 to C$35.00 in a research report on Friday, May 31st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$38.18.

Keyera Stock Performance

The company has a debt-to-equity ratio of 148.21, a current ratio of 1.08 and a quick ratio of 0.57. The firm has a market capitalization of C$8.31 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.35 and a beta of 2.11. The firm’s fifty day moving average is C$35.78 and its 200 day moving average is C$34.02.

Keyera (TSE:KEY) last posted its earnings results on Tuesday, May 14th. The company reported C$0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.52 by C($0.21). The business had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.92 billion. Keyera had a net margin of 5.26% and a return on equity of 12.77%. On average, analysts predict that Keyera Corp. will post 2.1818182 EPS for the current fiscal year.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Friday, June 14th. Keyera’s dividend payout ratio is currently 128.21%.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.