Keyera (TSE:KEY) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Keyera Corp. (TSE:KEY - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of Keyera from C$45.00 to C$46.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Raymond James raised their target price on shares of Keyera from C$47.00 to C$48.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Scotiabank boosted their price target on Keyera from C$48.00 to C$50.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. CIBC increased their price target on Keyera from C$46.00 to C$48.00 in a research report on Friday, February 14th. Finally, Barclays set a C$46.00 price objective on Keyera and gave the company an "equal weight" rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$44.77.

Keyera Price Performance

The business's fifty day moving average price is C$42.27 and its 200 day moving average price is C$43.15. 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 stock has a market cap of C$10.25 billion, a P/E ratio of 22.92, a PEG ratio of 1.35 and a beta of 2.09.

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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 given a $0.52 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.08 dividend on an annualized basis and a yield of 4.68%. Keyera's dividend payout ratio 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.