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

Keyera Corp. (TSE:KEY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.65 and traded as high as C$59.16. Keyera shares last traded at C$58.25, with a volume of 784,275 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KEY. TD set a C$68.00 price objective on shares of Keyera and gave the stock a “buy” rating in a research note on Tuesday, June 9th. BMO Capital Markets upped their target price on Keyera from C$60.00 to C$65.00 in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce upped their target price on Keyera from C$63.00 to C$65.00 in a research note on Tuesday, June 16th. Scotia increased their target price on Keyera from C$55.00 to C$60.00 and gave the company a “sector outperform” rating in a report on Friday, May 15th. Finally, Royal Bank Of Canada raised their price target on Keyera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$60.64.

Keyera Price Performance

The company has a market capitalization of C$17.09 billion, a price-to-earnings ratio of 73.73, a PEG ratio of 1.35 and a beta of 0.49. The company has a current ratio of 1.60, a quick ratio of 0.57 and a debt-to-equity ratio of 249.10. The company’s 50 day simple moving average is C$56.36 and its 200-day simple moving average is C$51.65.

Keyera (TSE:KEY) last posted its quarterly earnings data on Thursday, May 14th. The company reported C($0.53) earnings per share for the quarter. The firm had revenue of C$1.30 billion during the quarter. Keyera had a net margin of 2.73% and a return on equity of 6.59%. On average, equities research analysts predict that Keyera Corp. will post 2.2166667 earnings per share for the current fiscal year.

Keyera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 15th. Keyera’s payout ratio is presently 270.89%.

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.