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

Keyera Corp. (OTCMKTS:KEYUF)’s share price 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 changing hands.

Analyst Ratings Changes

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

Keyera Trading Down 4.8%

The business has a fifty day moving average price of $38.86 and a 200 day moving average price of $39.18.

Keyera Company Profile

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.