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

Shares of Keyera Corp. (TSE:KEY) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$41.01 and traded as high as C$43.30. Keyera shares last traded at C$43.30, with a volume of 2,061,739 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. ATB Capital increased their price objective on shares of Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. Barclays set a C$46.00 price target on Keyera and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their target price on shares of Keyera from C$41.00 to C$44.00 in a research note on Friday, November 15th. Scotiabank upped their price target on shares of Keyera from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group lifted their price objective on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$43.62.

Keyera Stock Up 0.5 %

The firm has a market cap of C$9.97 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.35 and a beta of 2.09. The company has a current ratio of 1.30, a quick ratio of 0.57 and a debt-to-equity ratio of 143.51. The firm’s 50 day simple moving average is C$44.29 and its two-hundred day simple moving average is C$41.08.

Keyera Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.52 per share. The ex-dividend date is Friday, December 13th. This represents a $2.08 annualized dividend and a yield of 4.78%. Keyera’s dividend payout ratio is currently 139.60%.

Insider Activity

In related news, Director James Vance Bertram sold 50,000 shares of Keyera stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value of C$2,318,750.00. Corporate insiders own 0.39% of the company’s stock.

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.