Analyst Price Target is C$32.15
▲ +27.95% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for AltaGas in the last 3 months. The average price target is C$32.15, with a high forecast of C$36.00 and a low forecast of C$28.00. The average price target represents a 27.95% upside from the last price of C$25.13.
Current Consensus is
The current consensus among 10 investment analysts is to moderate buy stock in AltaGas. This Moderate Buy consensus rating has held steady for over two years.
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; natural gas gathering and extraction business; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 MW of power in California. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is based in Calgary, Canada.