Keyera (TSE:KEY) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Keyera Corp. (TSE:KEY) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$55.20 and traded as high as C$55.82. Keyera shares last traded at C$55.50, with a volume of 1,001,734 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. TD cut their price target on shares of Keyera from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday, September 4th. Stifel Nicolaus raised their price objective on Keyera from C$85.00 to C$90.00 and gave the company a “hold” rating in a report on Friday, September 4th. Desjardins raised their price objective on Keyera from C$103.00 to C$112.00 and gave the company a “buy” rating in a report on Friday, September 4th. BMO Capital Markets lowered their target price on Keyera from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Friday, September 4th. Finally, Barclays upped their target price on Keyera from C$56.00 to C$61.00 in a report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$73.00.

Keyera Stock Up 0.8%

The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57. The firm’s 50 day moving average is C$55.20 and its two-hundred day moving average is C$54.25. The firm has a market capitalization of C$16.29 billion, a P/E ratio of 36.27, a PEG ratio of 1.35 and a beta of 0.59.

Keyera (TSE:KEY) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The firm had revenue of C$2.40 billion for the quarter. Research analysts predict that Keyera Corp. will post 2.22 EPS for the current year.

Keyera Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a $0.5625 dividend. This is a boost from Keyera’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.1%. Keyera’s payout ratio is 141.18%.

Insider Buying and Selling at Keyera

In other news, Director Taylor Timothy Kitchen acquired 500 shares of the stock in a transaction dated Friday, September 4th. The shares were bought at an average cost of C$55.74 per share, for a total transaction of C$27,870.00. Following the purchase, the director directly owned 7,500 shares of the company’s stock, valued at approximately C$418,050. This trade represents a 7.14% increase in their ownership of the stock. 0.39% of the stock is owned by corporate insiders.

Keyera Company Profile

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.