Keyera (TSE:KEY) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Keyera Corp. (TSE:KEY) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$55.20 and traded as high as C$55.82. Keyera shares last traded at C$55.50, with a volume of 1,001,734 shares.

Analysts Set New Price Targets

A number of brokerages have recently commented on KEY. Desjardins raised their price objective on shares of Keyera from C$103.00 to C$112.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Stifel Nicolaus boosted their target price on Keyera from C$85.00 to C$90.00 and gave the stock a “hold” rating in a report on Friday, September 4th. Citigroup raised their price target on shares of Keyera from C$102.00 to C$106.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Scotia lifted their target price on shares of Keyera from C$88.00 to C$92.00 and gave the company a “sector perform” rating in a report on Friday, September 4th. Finally, BMO Capital Markets dropped their price objective on shares of Keyera from C$65.00 to C$64.00 and set an “outperform” rating for the company in a report on Friday, September 4th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$73.00.

Keyera Stock Performance

The stock has a fifty day moving average price of C$55.20 and a two-hundred day moving average price of C$54.25. The company has a quick ratio of 0.57, a current ratio of 1.22 and a debt-to-equity ratio of 160.65. The company has a market capitalization of C$16.29 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 1.35 and a beta of 0.59.

Keyera (TSE:KEY) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. Keyera had a return on equity of 10.81% and a net margin of 5.02%. The business had revenue of C$2.40 billion during the quarter. As a group, analysts forecast that Keyera Corp. will post 2.22 EPS for the current fiscal year.

Keyera Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 4.1%. This is a positive change from Keyera’s previous quarterly dividend of $0.54. The ex-dividend date of this dividend was Tuesday, September 15th. Keyera’s dividend payout ratio is presently 141.18%.

Insider Transactions at Keyera

In related news, Director Taylor Timothy Kitchen purchased 500 shares of Keyera stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of C$55.74 per share, with a total value of C$27,870.00. Following the purchase, the director owned 7,500 shares in the company, valued at approximately C$418,050. The trade was a 7.14% increase in their position. Company insiders own 0.39% of the company’s stock.

About Keyera

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.