Keyera (TSE:KEY) Shares Pass Above 200 Day Moving Average of $36.96

Keyera Corp. (TSE:KEY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$36.96 and traded as high as C$41.49. Keyera shares last traded at C$41.32, with a volume of 432,656 shares trading hands.

Wall Street Analysts Forecast Growth

KEY has been the topic of a number of research reports. ATB Capital raised their price target on Keyera from C$36.00 to C$39.00 in a research note on Wednesday, July 24th. BMO Capital Markets increased their price target on shares of Keyera from C$40.00 to C$41.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Royal Bank of Canada upped their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday, August 9th. Scotiabank upped their target price on shares of Keyera from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company upped their target price on Keyera from C$34.00 to C$35.00 in a research note on Friday, May 31st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$40.00.

Keyera Trading Down 0.6 %

The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. The firm’s 50 day moving average is C$39.55 and its two-hundred day moving average is C$37.02. The stock has a market cap of C$9.41 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera (TSE:KEY) last announced its earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.54 by C$0.08. Keyera had a return on equity of 12.02% and a net margin of 4.86%. The firm had revenue of C$1.72 billion for the quarter. Equities analysts anticipate that Keyera Corp. will post 2.1977492 EPS for the current year.

Keyera Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 5.06%. The ex-dividend date is Friday, September 13th. This is a boost from Keyera’s previous quarterly dividend of $0.50. Keyera’s payout ratio is 139.60%.

Insider Transactions at Keyera

In other news, Senior Officer Eileen Marikar sold 1,888 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$39.70, for a total value of C$74,953.79. 0.39% of the stock is owned by insiders.

Keyera Company Profile

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.