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

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

Analysts Set New Price Targets

Several research firms have commented on KEYUF. Citigroup reaffirmed a “buy” rating on shares of Keyera in a research note on Tuesday, August 18th. BMO Capital Markets restated an “outperform” rating on shares of Keyera in a report on Tuesday, June 16th. Scotiabank reaffirmed an “outperform” rating on shares of Keyera in a research note on Tuesday, July 21st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Keyera in a report on Tuesday, June 16th. Finally, National Bank Financial raised shares of Keyera from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, June 16th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Keyera Trading Down 1.7%

The stock has a fifty day moving average of $41.11 and a 200-day moving average of $40.14.

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.