Keyera (TSE:KEY) Stock Price Passes Above 200 Day Moving Average of $32.60

Keyera Corp (TSE:KEY) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.60 and traded as high as $33.95. Keyera shares last traded at $33.58, with a volume of 250,721 shares traded.

KEY has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on shares of Keyera from C$36.00 to C$34.00 in a report on Wednesday, November 6th. CIBC raised their price target on shares of Keyera from C$43.00 to C$44.00 in a report on Thursday, November 7th. Raymond James restated an “outperform” rating and set a C$42.00 price target on shares of Keyera in a report on Wednesday, November 6th. TD Securities decreased their price target on shares of Keyera from C$42.00 to C$39.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, CSFB upgraded shares of Keyera from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$32.00 to C$40.00 in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of C$39.72.

The company has a debt-to-equity ratio of 98.72, a current ratio of 0.90 and a quick ratio of 0.59. The firm has a market capitalization of $7.27 billion and a price-to-earnings ratio of 12.50. The firm’s fifty day moving average is C$31.27 and its 200 day moving average is C$32.63.

The business also recently declared a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be issued a dividend of $0.16 per share. This represents a $1.92 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Thursday, November 21st. Keyera’s dividend payout ratio is currently 67.58%.

In related news, Director James Vance Bertram sold 31,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$33.06, for a total transaction of C$1,038,084.00. Following the completion of the sale, the director now directly owns 838,000 shares in the company, valued at C$27,704,280.

About Keyera (TSE:KEY)

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.

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