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Keyera (TSE:KEY) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Keyera logo with Energy background

Keyera Corp. (TSE:KEY - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$41.01 and traded as high as C$43.30. Keyera shares last traded at C$43.30, with a volume of 2,061,739 shares traded.

Analyst Ratings Changes

KEY has been the topic of a number of recent research reports. Barclays set a C$46.00 price objective on Keyera and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Jefferies Financial Group raised their price target on Keyera from C$43.00 to C$47.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Raymond James lifted their price objective on shares of Keyera from C$47.00 to C$48.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Royal Bank of Canada increased their target price on shares of Keyera from C$45.00 to C$46.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, Scotiabank lifted their price target on shares of Keyera from C$48.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Keyera has an average rating of "Moderate Buy" and an average target price of C$43.62.

Get Our Latest Research Report on KEY

Keyera Trading Up 0.5 %

The stock's fifty day simple moving average is C$44.30 and its 200-day simple moving average is C$41.03. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The firm has a market cap of C$9.97 billion, a PE ratio of 29.21, a PEG ratio of 1.35 and a beta of 2.09.

Keyera Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a $0.52 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.08 annualized dividend and a yield of 4.78%. Keyera's dividend payout ratio (DPR) is presently 139.60%.

Insider Activity

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. Insiders own 0.39% of the company's stock.

Keyera Company Profile

(Get Free Report)

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.

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