Keyera (OTCMKTS:KEYUF) Shares Down 1.4% – What’s Next?

Keyera Corp. (OTCMKTS:KEYUF)’s stock price was down 1.4% on Tuesday . The company traded as low as $38.76 and last traded at $38.77. Approximately 9,727 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 95,107 shares. The stock had previously closed at $39.31.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KEYUF. Citigroup restated a “buy” rating on shares of Keyera in a research note on Monday, February 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Keyera in a research note on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Keyera in a report on Tuesday, February 17th. Scotiabank reaffirmed an “outperform” rating on shares of Keyera in a report on Friday, January 16th. Finally, TD Securities reiterated a “buy” rating on shares of Keyera in a research report on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Keyera Trading Up 0.7%

The firm’s 50-day simple moving average is $34.87 and its two-hundred day simple moving average is $32.84.

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.