Keyera (TSE:KEY) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Keyera Corp. (TSE:KEY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.23 and traded as high as C$42.50. Keyera shares last traded at C$42.19, with a volume of 801,909 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KEY. Raymond James increased their target price on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. ATB Capital raised their price objective on shares of Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. Scotiabank lifted their target price on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. National Bankshares increased their price target on shares of Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Finally, Citigroup boosted their price objective on shares of Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$44.08.

Keyera Price Performance

The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The stock has a 50 day simple moving average of C$43.78 and a 200-day simple moving average of C$42.26. The firm has a market cap of C$9.45 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Keyera Dividend Announcement

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 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, December 13th. Keyera’s dividend payout ratio (DPR) is presently 139.60%.

Insider Buying and Selling at Keyera

In related news, Director James Vance Bertram sold 50,000 shares of the company’s stock in a transaction 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 currently owned by insiders.

About Keyera

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.