Keyera (TSE:KEY) Shares Cross Above 200-Day Moving Average – Should You Sell?

Keyera Corp. (TSE:KEY)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$43.83 and traded as high as C$44.16. Keyera shares last traded at C$43.89, with a volume of 112,198 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on the company. National Bankshares increased their target price on Keyera from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. CIBC increased their price objective on Keyera from C$56.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Four research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$52.20.

Keyera Trading Down 0.4%

The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. The firm has a market capitalization of C$10.06 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The business’s 50-day moving average price is C$43.26 and its 200-day moving average price is C$43.83.

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

Keyera Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, December 15th. Keyera’s dividend 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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.