AltaGas (ATGFF) Expected to Post Quarterly Earnings on Thursday

AltaGas (OTCMKTS:ATGFF) is projected to release its results before the market opens on Thursday, October 29th. Analysts expect the company to announce earnings of $0.1029 per share and revenue of $1.89 billion for the quarter.

AltaGas Stock Up 0.8%

Shares of OTCMKTS ATGFF opened at $39.86 on Tuesday. AltaGas has a 1 year low of $28.13 and a 1 year high of $41.71. The firm’s 50-day moving average is $38.35 and its 200-day moving average is $36.49.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ATGFF. BMO Capital Markets reissued an “outperform” rating on shares of AltaGas in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce cut shares of AltaGas from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 22nd. Scotiabank reaffirmed an “outperform” rating on shares of AltaGas in a research note on Tuesday, July 21st. TD Securities reaffirmed a “buy” rating on shares of AltaGas in a report on Friday, July 31st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of AltaGas in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About AltaGas

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.