Keyera (OTCMKTS:KEYUF) Shares Up 2.1% – Still a Buy?

Keyera Corp. (OTCMKTS:KEYUF)’s share price was up 2.1% during trading on Monday . The stock traded as high as $41.37 and last traded at $41.30. 294,182 shares traded hands during trading, an increase of 125% from the average session volume of 130,592 shares. The stock had previously closed at $40.4660.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Keyera in a research note on Tuesday, June 16th. Scotiabank reiterated an “outperform” rating on shares of Keyera in a research note on Tuesday, June 16th. Citigroup restated a “buy” rating on shares of Keyera in a research report on Tuesday, May 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Keyera in a research note on Tuesday, June 16th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Keyera in a research report on Tuesday, June 16th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, Keyera currently has an average rating of “Buy”.

Keyera Price Performance

The firm’s 50-day simple moving average is $40.53 and its 200 day simple moving average is $37.52.

About Keyera

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.