AltaGas (ATGFF) Projected to Release Quarterly Earnings on Thursday

AltaGas (OTCMKTS:ATGFF) is projected to release its resultson Thursday, July 30th. Analysts expect AltaGas to post earnings of $0.1568 per share and revenue of $1.9304 billion for the quarter.

AltaGas Trading Up 2.2%

OTCMKTS ATGFF opened at $39.87 on Thursday. The stock has a 50-day simple moving average of $38.63 and a 200 day simple moving average of $35.35. AltaGas has a 12 month low of $27.32 and a 12 month high of $40.17.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of AltaGas in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of AltaGas in a research report on Tuesday, May 26th. TD Securities reissued a “buy” rating on shares of AltaGas in a research note on Friday, May 1st. Scotiabank restated an “outperform” rating on shares of AltaGas in a report on Tuesday. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

AltaGas Company Profile

AltaGas Ltd. is a North American energy infrastructure company engaged in the ownership, operation and development of diversified assets across natural gas, natural gas liquids (NGL), electricity and utility businesses. Its midstream operations include gathering, processing, and transporting natural gas, as well as fractionation and storage of NGLs. In the power segment, AltaGas develops and operates natural gas‐fired power plants and small hydroelectric facilities, providing reliable electricity to regional markets.