AltaGas (OTCMKTS:ATGFF) Trading Up 1.5% – Here’s Why
by Kim Johansen · The Markets DailyAltaGas Ltd. (OTCMKTS:ATGFF – Get Free Report) traded up 1.5% during mid-day trading on Monday . The stock traded as high as $38.47 and last traded at $38.47. Approximately 9,326 shares traded hands during trading, a decline of 80% from the average daily volume of 47,481 shares. The stock had previously closed at $37.8920.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of AltaGas in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of AltaGas in a research report on Tuesday, May 26th. Scotiabank restated an “outperform” rating on shares of AltaGas in a research note on Friday, May 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. Finally, TD Securities reiterated a “buy” rating on shares of AltaGas in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, AltaGas presently has an average rating of “Buy”.
View Our Latest Report on AltaGas
AltaGas Trading Up 1.5%
The business’s 50 day simple moving average is $38.41 and its 200 day simple moving average is $34.94.
About AltaGas
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.