Keyera (OTCMKTS:KEYUF) Stock Jumps 1.7% – Here’s What Happened

Keyera Corp. (OTCMKTS:KEYUF) shares shot up 1.7% during trading on Wednesday. The company traded as high as $39.5420 and last traded at $39.5420. Approximately 76,127 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 126,046 shares. The stock had previously closed at $38.8960.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Keyera in a research report on Monday, August 10th. Citigroup reiterated a “buy” rating on shares of Keyera in a research note on Tuesday, August 18th. Scotiabank reiterated an “outperform” rating on shares of Keyera in a research note on Tuesday, July 21st. Finally, TD Securities reissued a “buy” rating on shares of Keyera in a report on Friday, October 16th. Seven equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Keyera currently has an average rating of “Buy”.

Keyera Price Performance

The company has a 50-day moving average price of $39.79 and a two-hundred day moving average price of $40.03.

Keyera Company Profile

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.