Keyera (OTCMKTS:KEYUF) Shares Down 3.4% – Here’s Why

Keyera Corp. (OTCMKTS:KEYUF)’s stock price fell 3.4% during mid-day trading on Thursday . The company traded as low as $38.62 and last traded at $39.10. 416,298 shares were traded during mid-day trading, an increase of 223% from the average daily volume of 129,005 shares. The stock had previously closed at $40.4740.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KEYUF. Citigroup reaffirmed a “buy” rating on shares of Keyera in a research report on Tuesday, May 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of Keyera in a research note on Tuesday. TD Securities restated a “buy” rating on shares of Keyera in a report on Friday, May 15th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Keyera in a report on Tuesday. Finally, National Bank Financial raised shares of Keyera from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Keyera Stock Performance

The stock has a fifty day simple moving average of $39.33 and a 200-day simple moving average of $36.53.

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.