AltaGas (OTCMKTS:ATGFF) Trading Up 1.1% – What’s Next?

Shares of AltaGas Ltd. (OTCMKTS:ATGFF) shot up 1.1% during mid-day trading on Friday . The company traded as high as $31.05 and last traded at $31.0075. 4,008 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 54,053 shares. The stock had previously closed at $30.68.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ATGFF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of AltaGas in a research report on Friday, October 31st. National Bankshares reaffirmed an “outperform” rating on shares of AltaGas in a report on Friday, October 31st. Finally, Scotiabank reiterated an “outperform” rating on shares of AltaGas in a research note on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

AltaGas Price Performance

The stock’s 50-day simple moving average is $30.30 and its 200 day simple moving average is $29.86.

About AltaGas

AltaGas Ltd. is a North American energy infrastructure company engaged in the ownership, operation and development of diversified assets across natural gas, natural gas liquids (NGL), electricity and utility businesses. Its midstream operations include gathering, processing, and transporting natural gas, as well as fractionation and storage of NGLs. In the power segment, AltaGas develops and operates natural gas‐fired power plants and small hydroelectric facilities, providing reliable electricity to regional markets.