Keyera (TSE:KEY) Share Price Passes Above 200-Day Moving Average of $32.92

Keyera Corp. (TSE:KEY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$32.92 and traded as high as C$35.33. Keyera shares last traded at C$34.70, with a volume of 861,458 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KEY shares. CIBC upped their target price on Keyera from C$35.00 to C$36.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. TD Securities lifted their target price on shares of Keyera from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. National Bankshares upped their price target on shares of Keyera from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. BMO Capital Markets lifted their price target on shares of Keyera from C$35.00 to C$36.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. Finally, Jefferies Financial Group set a C$38.00 price objective on shares of Keyera and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$36.75.

Keyera Trading Up 0.1 %

The company has a market capitalization of C$7.96 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.33 and a beta of 2.12. The firm’s 50-day moving average price is C$34.05 and its 200 day moving average price is C$32.94. The company has a quick ratio of 0.57, a current ratio of 1.34 and a debt-to-equity ratio of 154.22.

Keyera (TSE:KEY) last announced its earnings results on Wednesday, February 14th. The company reported C$0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.56 by C$0.37. The company had revenue of C$2.30 billion for the quarter, compared to analysts’ expectations of C$1.59 billion. Keyera had a return on equity of 15.15% and a net margin of 6.01%. As a group, equities research analysts predict that Keyera Corp. will post 1.9117965 earnings per share for the current year.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend was Thursday, March 14th. Keyera’s dividend payout ratio (DPR) is presently 108.11%.

Keyera Company Profile

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.