Keyera (OTCMKTS:KEYUF) Shares Break Below 200 Day Moving Average – What’s Next?

Shares of Keyera Corp. (OTCMKTS:KEYUF – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $38.89 and traded as low as $38.7380. Keyera shares last traded at $38.7880, with a volume of 87,086 shares changing hands.

Analysts Set New Price Targets

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

Read Our Latest Research Report on Keyera

Keyera Price Performance

The company has a 50 day simple moving average of $39.59 and a 200-day simple moving average of $38.89.

Keyera Company Profile

(Get Free Report)

Keyera Corp. (OTCMKTS:KEYUF) is a Canadian energy infrastructure company that provides midstream services for natural gas, natural gas liquids (NGLs), and crude oil. The company connects producers with markets by gathering, processing, fractionating, storing, transporting, and marketing energy products.

Keyera’s operations include natural gas gathering and processing facilities, NGL fractionation and storage assets, and pipelines serving producing regions and downstream markets. Its product portfolio includes condensate, ethane, propane, butanes, and natural gasoline, which are used in fuels, petrochemical manufacturing, and other industrial applications.

Founded in 1998 and headquartered in Calgary, Alberta, Keyera primarily serves customers and energy-producing regions across Western Canada.

Further Reading

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