Keyera (OTCMKTS:KEYUF) Shares Down 3.4% – What’s Next?

Keyera Corp. (OTCMKTS:KEYUF) shares were down 3.4% during trading on Thursday . The stock traded as low as $38.62 and last traded at $39.10. 416,298 shares traded hands during trading, an increase of 223% from the average session volume of 129,005 shares. The stock had previously closed at $40.4740.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Keyera in a research note on Tuesday. TD Securities reaffirmed a “buy” rating on shares of Keyera in a research note on Friday, May 15th. Scotiabank reiterated an “outperform” rating on shares of Keyera in a report on Tuesday. BMO Capital Markets reissued an “outperform” rating on shares of Keyera in a research report on Tuesday. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Keyera in a report on Tuesday. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Keyera Stock Performance

The stock’s 50-day simple moving average is $39.37 and its 200 day simple moving average is $36.55.

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.