Keyera (OTCMKTS:KEYUF) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s Why

Keyera Corp. (OTCMKTS:KEYUF – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $39.14 and traded as low as $37.74. Keyera shares last traded at $37.74, with a volume of 118,779 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KEYUF shares. Scotiabank reissued an “outperform” rating on shares of Keyera in a research note on Tuesday, July 21st. Citigroup reaffirmed a “buy” rating on shares of Keyera in a research note on Tuesday, August 18th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Keyera in a report on Thursday, October 22nd. TD Securities reissued a “buy” rating on shares of Keyera in a research report on Friday, October 16th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Keyera in a research note on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Read Our Latest Analysis on Keyera

Keyera Price Performance

The company’s 50-day simple moving average is $39.12 and its 200 day simple moving average is $39.14.

About Keyera

(Get Free Report)

Keyera Corp. is a Canadian midstream energy company headquartered in Calgary, Alberta. The company provides infrastructure and services that connect natural gas producers with energy markets, with operations primarily focused on Western Canada.

Keyera owns and operates a network of natural gas gathering and processing facilities, pipelines, natural gas liquids (NGL) fractionation plants, storage assets and rail and truck terminals. Its services include gathering and processing raw natural gas, separating NGLs such as ethane, propane, butanes and condensate, and transporting, storing and marketing these products.

The company’s asset base is concentrated in Alberta and British Columbia, including infrastructure serving major producing regions and the Edmonton-area liquids hub.

Further Reading

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