Keyera (TSE:KEY) Shares Pass Above 200 Day Moving Average of $33.19

Keyera Corp. (TSE:KEY)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$33.19 and traded as high as C$35.16. Keyera shares last traded at C$34.58, with a volume of 551,019 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Securities increased their price target on shares of Keyera from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. National Bankshares increased their price target on shares of Keyera from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. Citigroup increased their price target on shares of Keyera from C$35.00 to C$37.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group set a C$38.00 target price on shares of Keyera and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus raised their target price on shares of Keyera from C$32.00 to C$38.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Keyera currently has an average rating of “Moderate Buy” and a consensus price target of C$36.67.

Keyera Price Performance

The company has a debt-to-equity ratio of 154.22, a quick ratio of 0.57 and a current ratio of 1.34. The company has a market cap of C$7.92 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.33 and a beta of 2.12. The firm’s fifty day moving average is C$34.57 and its two-hundred day moving average is C$33.20.

Keyera (TSE:KEY) last released its quarterly earnings data on Wednesday, February 14th. The company reported C$0.93 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.56 by C$0.37. Keyera had a return on equity of 15.15% and a net margin of 6.01%. The firm had revenue of C$2.30 billion during the quarter, compared to analyst estimates of C$1.59 billion. As a group, analysts anticipate that Keyera Corp. will post 1.9117965 earnings per share for the current fiscal year.

Keyera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.00 annualized dividend and a yield of 5.78%. Keyera’s payout ratio is 108.11%.

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.