Keyera (TSE:KEY) Stock Passes Above 200-Day Moving Average - Here's Why

Keyera Corp. (TSE:KEY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$42.05 and traded as high as C$42.50. Keyera shares last traded at C$42.41, with a volume of 930,262 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently commented on KEY shares. Royal Bank of Canada boosted their target price on shares of Keyera from C$45.00 to C$46.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. ATB Capital increased their price objective on Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. Barclays set a C$46.00 target price on Keyera and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. BMO Capital Markets upped their price target on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. Finally, TD Securities set a C$45.00 price objective on shares of Keyera and gave the stock a "hold" rating in a report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$44.08.

Keyera Trading Up 0.6 %

The company has a market capitalization of C$9.78 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The business's 50 day simple moving average is C$44.29 and its 200 day simple moving average is C$42.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57.

Keyera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend was Friday, December 13th. Keyera's payout ratio is currently 139.60%.

Insider Buying and Selling

In other Keyera news, Director James Vance Bertram sold 50,000 shares of Keyera 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. Corporate insiders own 0.39% of the company's stock.

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.