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

Keyera Corp. (OTCMKTS:KEYUF – Get Free Report) crossed 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.

Analysts Set New Price Targets

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

View Our Latest Report on KEYUF

Keyera Stock Performance

The business has a 50-day moving average price of $39.12 and a 200 day moving average price of $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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