Altagas Ltd (ALA) Scheduled to Post Earnings on Thursday
Altagas Ltd (TSE:ALA) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 20th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
Altagas Ltd (TSE:ALA) opened at 33.33 on Wednesday. The firm’s 50-day moving average is $33.50 and its 200-day moving average is $32.10. The stock has a market capitalization of $5.46 billion and a P/E ratio of 132.26. Altagas Ltd has a 12-month low of $27.25 and a 12-month high of $34.99.
ALA has been the subject of a number of recent analyst reports. BMO Capital Markets upped their target price on Altagas from C$34.00 to C$35.00 in a report on Thursday, July 7th. TD Securities restated a “buy” rating and set a C$35.00 target price on shares of Altagas in a report on Tuesday, June 28th. National Bank Financial upped their target price on Altagas from C$34.00 to C$35.00 in a report on Monday, July 18th. Raymond James Financial Inc. upped their target price on Altagas from C$31.00 to C$32.00 in a report on Wednesday, October 12th. Finally, Scotiabank upped their target price on Altagas from C$32.00 to C$33.00 and gave the company a “sector perform” rating in a report on Friday, July 22nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$35.00.
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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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