Keyera (OTCMKTS:KEYUF) Stock Price Down 0.8% – Here’s Why

Keyera Corp. (OTCMKTS:KEYUF)’s stock price dropped 0.8% during mid-day trading on Monday. The company traded as low as $36.52 and last traded at $36.52. Approximately 87,405 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 126,899 shares. The stock had previously closed at $36.82.

Wall Street Analyst Weigh In

Several research firms have weighed in on KEYUF. BMO Capital Markets restated an “outperform” rating on shares of Keyera in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Keyera in a report on Tuesday, June 16th. Scotiabank reiterated an “outperform” rating on shares of Keyera in a research note on Tuesday, July 21st. TD Securities reissued a “buy” rating on shares of Keyera in a report on Thursday, July 16th. Finally, National Bank Financial upgraded Keyera from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, June 16th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Keyera Price Performance

The business has a fifty day simple moving average of $41.23 and a 200-day simple moving average of $40.16.

Keyera Company Profile

Keyera Corp. (OTCMKTS:KEYUF) is a Canadian midstream energy company that develops and operates infrastructure for the gathering, processing, transportation, storage and marketing of natural gas liquids (NGLs), condensate and natural gas. The company provides services that connect oil and natural gas producers with industrial, refining, petrochemical and other end markets.

Keyera’s operations include natural gas gathering and processing facilities, NGL extraction and fractionation plants, pipelines, storage terminals and related infrastructure.