Keyera (TSE:KEY) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?
by Doug Wharley · The Cerbat GemShares of Keyera Corp. (TSE:KEY – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$43.86 and traded as high as C$45.33. Keyera shares last traded at C$44.99, with a volume of 1,738,556 shares traded.
Analyst Ratings Changes
A number of equities research analysts recently commented on KEY shares. BMO Capital Markets dropped their target price on Keyera from C$54.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Friday, January 9th. Barclays cut their price objective on shares of Keyera from C$45.00 to C$43.00 in a research note on Thursday, January 8th. CIBC raised their target price on shares of Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, National Bankshares upped their price target on shares of Keyera from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$51.09.
Keyera Stock Up 1.0%
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 business’s 50 day moving average price is C$43.76 and its 200 day moving average price is C$43.85. The firm has a market cap of C$10.32 billion, a PE ratio of 24.06, a PEG ratio of 1.35 and a beta of 0.53.
Keyera (TSE:KEY – Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The company reported C$0.79 earnings per share (EPS) for the quarter. Keyera had a return on equity of 16.05% and a net margin of 5.97%.The company had revenue of C$1.79 billion for the quarter. On average, equities research analysts expect that Keyera Corp. will post 2.2166667 earnings per share for the current year.
Keyera Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, December 15th. Keyera’s dividend payout ratio is currently 112.30%.
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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.