Keyera (TSE:KEY) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Keyera Corp. (TSE:KEY)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$43.05 and traded as high as C$45.32. Keyera shares last traded at C$44.94, with a volume of 969,478 shares traded.

Wall Street Analysts Forecast Growth

KEY has been the topic of several research analyst reports. Barclays set a C$46.00 price target on Keyera and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Scotiabank raised their target price on Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada boosted their price target on Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. TD Securities set a C$45.00 price objective on Keyera and gave the company a “hold” rating in a report on Wednesday, January 15th. Finally, Raymond James boosted their price target on shares of Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$44.77.

Keyera Stock Performance

The stock’s 50 day moving average is C$42.13 and its two-hundred day moving average is C$43.05. 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 firm has a market capitalization of C$10.35 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.35 and a beta of 2.09.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Monday, March 17th. Keyera’s dividend payout ratio (DPR) 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.