Keyera (TSE:KEY) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Keyera Corp. (TSE:KEY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$45.27 and traded as high as C$53.44. Keyera shares last traded at C$53.00, with a volume of 1,500,735 shares.

Analysts Set New Price Targets

KEY has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Keyera from C$43.00 to C$48.00 in a research note on Friday, February 13th. Citigroup increased their price target on shares of Keyera from C$51.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. National Bank Financial cut their price target on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. BMO Capital Markets decreased their price objective on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, January 9th. Finally, TD Securities upped their price objective on Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Keyera presently has an average rating of “Moderate Buy” and an average price target of C$52.45.

Keyera Stock Performance

The stock has a market capitalization of C$12.27 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.35 and a beta of 0.70. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74. The stock’s 50-day simple moving average is C$47.76 and its 200 day simple moving average is C$45.38.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 earnings per share for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The company had revenue of C$1.70 billion during the quarter. Analysts expect that Keyera Corp. will post 2.2166667 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 16th. This represents a $2.16 dividend on an annualized basis and a yield of 4.0%. Keyera’s dividend payout ratio is 112.17%.

About Keyera

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.