Keyera (OTCMKTS:KEYUF) Stock Price Up 1.2% – What’s Next?

Keyera Corp. (OTCMKTS:KEYUF)’s share price was up 1.2% during mid-day trading on Tuesday . The company traded as high as $43.18 and last traded at $43.18. 131,563 shares were traded during trading, an increase of 12% from the average daily volume of 117,558 shares. The stock had previously closed at $42.66.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. National Bank Financial raised shares of Keyera from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, June 16th. BMO Capital Markets reissued an “outperform” rating on shares of Keyera in a research report on Tuesday, June 16th. Citigroup restated a “buy” rating on shares of Keyera in a research note on Tuesday, August 18th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Keyera in a research report on Tuesday, June 16th. Finally, TD Securities restated a “buy” rating on shares of Keyera in a report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Keyera has an average rating of “Buy”.

Keyera Stock Performance

The company’s 50-day simple moving average is $41.85 and its 200 day simple moving average is $40.02.

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.