Keyera (TSE:KEY) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Keyera Corp. (TSE:KEY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$43.58 and traded as high as C$44.29. Keyera shares last traded at C$44.15, with a volume of 182,780 shares.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. CIBC upped their price target on Keyera from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Wells Fargo & Company boosted their price objective on Keyera from C$46.00 to C$47.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Keyera presently has an average rating of “Buy” and an average target price of C$51.36.

Keyera Price Performance

The stock has a market capitalization of C$10.12 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.35 and a beta of 0.60. The company has a quick ratio of 0.57, a current ratio of 1.31 and a debt-to-equity ratio of 137.59. The stock has a fifty day moving average of C$43.79 and a 200-day moving average of C$43.58.

Keyera (TSE:KEY) last released its quarterly earnings data on Friday, November 14th. The company reported C$0.79 earnings per share for the quarter. The company had revenue of C$1.79 billion for the quarter. Keyera had a net margin of 5.97% and a return on equity of 16.05%. On average, equities research analysts predict that Keyera Corp. will post 2.2166667 EPS for the current fiscal year.

Keyera Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were given a $0.54 dividend. This is a boost from Keyera’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.9%. Keyera’s payout ratio is currently 112.30%.

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.