Keyera (TSE:KEY) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Keyera Corp. (TSE:KEY)’s stock price 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 trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. BMO Capital Markets lifted their price objective on Keyera from C$41.00 to C$44.00 in a report on Friday, November 15th. ATB Capital boosted their price target on Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. Scotiabank upped their price target on shares of Keyera from C$48.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Raymond James increased their price objective on Keyera from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, National Bankshares upped their target price on shares of Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$43.62.

Keyera Stock Up 0.5 %

The firm has a market cap of C$9.97 billion, a PE ratio of 29.21, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The business has a fifty day moving average price of C$44.29 and a two-hundred day moving average price of C$41.08.

Keyera Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Friday, December 13th. Keyera’s dividend payout ratio is presently 139.60%.

Insider Activity

In other news, Director James Vance Bertram sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is owned by company insiders.

About Keyera

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.