Keyera (TSE:KEY) Stock Crosses Above 200-Day Moving Average – Here’s What Happened
by Doug Wharley · The Cerbat GemKeyera Corp. (TSE:KEY – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$46.81 and traded as high as C$49.70. Keyera shares last traded at C$49.25, with a volume of 1,018,485 shares trading hands.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Keyera from C$54.00 to C$51.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Raymond James Financial boosted their price objective on shares of Keyera from C$63.00 to C$66.00 in a research note on Monday, March 30th. National Bank Financial lowered their price objective on shares of Keyera from C$48.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 20th. Citigroup boosted their price objective on shares of Keyera from C$51.00 to C$58.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, TD Securities boosted their price objective on shares of Keyera from C$52.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Keyera currently has an average rating of “Moderate Buy” and an average price target of C$53.55.
Read Our Latest Stock Report on Keyera
Keyera Trading Up 0.6%
The business’s 50-day moving average is C$52.26 and its two-hundred day moving average is C$46.83. The company has a current ratio of 1.76, a quick ratio of 0.57 and a debt-to-equity ratio of 227.74. The stock has a market capitalization of C$11.36 billion, a PE ratio of 26.22, a PEG ratio of 1.35 and a beta of 0.52.
Keyera (TSE:KEY – Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.39 earnings per share for the quarter. Keyera had a net margin of 6.34% and a return on equity of 15.39%. The firm had revenue of C$1.70 billion during the quarter. On average, analysts predict that Keyera Corp. will post 2.2166667 earnings per share for the current year.
Keyera Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, March 16th. Keyera’s dividend payout ratio is 112.17%.
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.