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Keyera (TSE:KEY) Shares Cross Above 200 Day Moving Average - Here's What Happened

Keyera logo with Energy background
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Keyera Corp. (TSE:KEY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$42.85 and traded as high as C$43.48. Keyera shares last traded at C$43.42, with a volume of 1,451,121 shares trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on KEY. Scotiabank lifted their target price on shares of Keyera from C$48.00 to C$50.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. ATB Capital lifted their target price on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. BMO Capital Markets lifted their price target on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. CIBC lifted their price target on shares of Keyera from C$46.00 to C$48.00 in a research note on Friday, February 14th. Finally, Raymond James lifted their price target 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. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Keyera currently has an average rating of "Moderate Buy" and a consensus price target of C$44.77.

Get Our Latest Stock Analysis on Keyera

Keyera Trading Down 1.2 %

The firm has a market capitalization of C$9.89 billion, a PE ratio of 22.12, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The stock's 50-day simple moving average is C$42.27 and its 200-day simple moving average is C$42.85.

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Keyera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend was Friday, December 13th. Keyera's dividend payout ratio (DPR) is presently 107.20%.

Keyera Company Profile

(Get Free Report)

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.

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