Altagas Ltd Forecasted to Earn Q3 2016 Earnings of $0.24 Per Share (ALA)
Altagas Ltd (TSE:ALA) – Research analysts at National Bank Financial issued their Q3 2016 earnings estimates for Altagas in a research report issued on Wednesday. National Bank Financial analyst P. Kenny expects that the brokerage will post earnings per share of $0.24 for the quarter.
Other equities analysts have also issued research reports about the stock. Raymond James Financial Inc. lifted their price target on shares of Altagas from C$31.00 to C$32.00 in a research report on Wednesday, October 12th. BMO Capital Markets lifted their price target on shares of Altagas from C$34.00 to C$35.00 in a research report on Thursday, July 7th. TD Securities reissued a “buy” rating and issued a C$35.00 price target on shares of Altagas in a research report on Tuesday, June 28th. FirstEnergy Capital reissued an “outperform” rating on shares of Altagas in a research report on Tuesday, July 12th. Finally, Scotiabank lifted their price target on shares of Altagas from C$32.00 to C$33.00 and gave the company a “sector perform” rating in a research report on Friday, July 22nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$35.00.
Shares of Altagas (TSE:ALA) opened at 33.46 on Monday. Altagas has a 12-month low of $27.25 and a 12-month high of $35.70. The company has a 50 day moving average of $33.53 and a 200-day moving average of $32.10. The firm has a market cap of $5.48 billion and a PE ratio of 132.78.
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Altagas Company Profile
AltaGas Ltd. is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.
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