AltaGas (ATGFF) Set to Release Quarterly Earnings on Thursday

AltaGas (OTCMKTS:ATGFF) is anticipated to issue its results before the market opens on Thursday, October 29th. Analysts expect the company to announce earnings of $0.0757 per share and revenue of $1.85 billion for the quarter.

AltaGas Stock Up 1.2%

Shares of OTCMKTS ATGFF opened at $40.11 on Thursday. AltaGas has a 1-year low of $28.13 and a 1-year high of $41.71. The business’s fifty day moving average price is $38.25 and its two-hundred day moving average price is $38.10.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ATGFF shares. BMO Capital Markets reissued an “outperform” rating on shares of AltaGas in a report on Friday, July 31st. TD Securities reiterated a “buy” rating on shares of AltaGas in a research report on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating on shares of AltaGas in a research note on Friday, July 31st. Scotiabank restated an “outperform” rating on shares of AltaGas in a research report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce cut shares of AltaGas from an “outperform” rating to a “neutral” rating in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AltaGas presently has an average rating of “Moderate Buy”.

AltaGas Company Profile

AltaGas Ltd. is a Canadian energy infrastructure company involved in the transportation, storage, processing and distribution of natural gas and other energy products. Its operations are organized around two primary businesses: Utilities and Midstream. The company develops and operates infrastructure that connects energy supplies with residential, commercial, industrial and export markets.

AltaGas’ midstream activities include natural gas gathering and processing, natural gas liquids extraction, fractionation, storage and transportation.