Keyera (OTCMKTS:KEYUF) Trading 2.6% Higher – Should You Buy?

Keyera Corp. (OTCMKTS:KEYUF)’s share price rose 2.6% on Tuesday . The stock traded as high as $33.9860 and last traded at $33.9860. Approximately 19,461 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 96,348 shares. The stock had previously closed at $33.13.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reaffirmed an “outperform” rating on shares of Keyera in a research report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Keyera has an average rating of “Moderate Buy”.

Keyera Trading Up 2.6%

The stock has a fifty day moving average of $32.05 and a 200-day moving average of $31.78.

Keyera Company Profile

Keyera Corp. is a Canadian midstream energy company headquartered in Calgary, Alberta, that specializes in the gathering, processing, transportation and marketing of natural gas and natural gas liquids (NGLs). Founded in 1998, Keyera has grown through strategic infrastructure investments to become one of Western Canada’s leading providers of midstream services. The company operates a network of natural gas processing plants, NGL fractionation facilities, pipelines and storage terminals.

Keyera’s core business activities include the purification of raw natural gas to remove contaminants, the separation and fractionation of NGL streams into products such as ethane, propane and butane, and the storage and distribution of these products to end users.