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

Keyera Corp. (OTCMKTS:KEYUF) shot up 1.7% during trading on Wednesday. The company traded as high as $39.5420 and last traded at $39.5420. 76,127 shares were traded 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.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KEYUF. TD Securities reaffirmed a “buy” rating on shares of Keyera in a report on Friday, October 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Keyera in a research report on Monday, August 10th. Citigroup reissued a “buy” rating on shares of Keyera in a research report on Tuesday, August 18th. Finally, Scotiabank restated an “outperform” rating on shares of Keyera in a report on Tuesday, July 21st. 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 Stock Up 1.7%

The stock’s fifty day moving average is $39.79 and its two-hundred day moving average is $40.03.

About Keyera

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.