Shares of AltaGas Ltd. (OTCMKTS:ATGFF – Get Free Report) dropped 1.4% during trading on Monday. The stock traded as low as $39.34 and last traded at $39.39. Approximately 52,051 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 50,418 shares. The stock had previously closed at $39.96.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on ATGFF. Royal Bank Of Canada reiterated an “outperform” rating on shares of AltaGas in a research note on Friday, July 31st. BMO Capital Markets reissued an “outperform” rating on shares of AltaGas in a report on Friday, July 31st. TD Securities restated a “buy” rating on shares of AltaGas in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of AltaGas in a research report on Friday, July 31st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of AltaGas in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.
Read Our Latest Analysis on ATGFF
AltaGas Trading Down 1.4%
The firm has a fifty day moving average price of $38.18 and a 200-day moving average price of $38.03.
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.
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