TRADE
Altagas Ltd

Great proxy for gas. Totally basing. Likes the chart formation because you can buy at the bottom and sell at the top. Has a history of hitting the top and then falling. A trade for now. If it breaks through, lots of upside, but that's an if. See his Top Picks.

oil / gas
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
Altagas Ltd
Allan Tong’s Discover Picks

Europe's mild winter depressed natural gas prices and did no favours for nat gas stocks. A year ago, ALA was making new 52-week highs in the wake of Russia's invasion of Ukraine (quagmire, anybody?) That was $7 ago for ALA-T, but AltaGas's processing business continues to be strong as the company lowers debt by selling assets like the Mountain Valley Pipeline and recently Alaskan Utilities (for US$800 million).

oil / gas
TOP PICK
Altagas Ltd

Trades at 10x, growth rate around 10%. A mid-streamer, but trades more like a utility. Dividend very well covered. Stock hasn't worked for a while, so it probably won't hurt you here. A question of when, not if, it will work. LNG and access to global markets is certainly a tailwind for this name. Yield is 4.86%.

(Analysts’ price target is $31.06)
oil / gas
TOP PICK
Altagas Ltd

Hold a lot natural gas processing assets located in prime areas--northeast BC--for LNG Canada, which is a slow-moving project but will be game-changing. Existing projects in Washington state and west coast Canada continue to be strong. NAT gas processing business is strong. Their utility business in the States trades at a big discount to peers because of their debt level. But they will sell their stake in the Mountain Valley Pipeline in 6-12 months, which will lessen debt. A misunderstood name, but an opportunity at these levels. Shares should trend around $30 looking ahead.

(Analysts’ price target is $31.06)
oil / gas
TOP PICK
Altagas Ltd

Utilities very well positioned with energy recovery.
Valuable assets that are hard to replicate.
Financial guidance very strong.
Current share price not reflecting value.
~4.5% dividend very strong - room for growth.
Not much risk downside.

oil / gas
DON'T BUY
Altagas Ltd

Not a nat gas producer, but processor with some utilities business. Hasn't owned this since 2016. From 2016 to Covid that had several trials, but they righted their ship and divested some holdings. A better stock not, but not compelled to own it. Has exposure to propane and nat gas, but there are better peers than this.

oil / gas
BUY
Altagas Ltd

Looks positive from here. Price checked back pretty aggressively based on weak Q3 from inadequate hedging, company says that won't repeat. Core US utility business seeing 8-10% growth. Yield over 4%, good 6% dividend increase last year, increases should continue. 

oil / gas
WAIT
Altagas Ltd
Seems to be in better shape than a few years ago. A concern is their high debt and wants to see a decline before stepping in. Likes their assets and this sector. Wait and see how the new CEO does.w
oil / gas
TOP PICK
Altagas Ltd
Strong utility growth. Has a low capital intensive, high-growth model for their midstream operation. Will delever a lot in 2023. They just raised their dividend by 6%. It trades at 10x 2024 and he models 12% annual growth. Pays a nice 4.6% dividend. Shares had a nice move down, so now is a good time to buy it. Enjoy commodities tailwinds. (Analysts’ price target is $31.60)
oil / gas
Unspecified
Altagas Ltd
It has a good outlook and good growth in the utility segment. Has a 4 1/2 % yield and pretty good balance sheet.
oil / gas
BUY
Altagas Ltd
They own one of the largest positions. It has two businesses. One part is a utility company, with gas distribution is the U.S. growing well along with good rate increases. It is also a midstream business with pipeline projects including energy infrastructure, a high growth area. It is a really safe stock to own and has the best growth prospects with both businesses. There has been a dividend increase. They are focused on getting debt levels down.
oil / gas
TOP PICK
Altagas Ltd
Strong proponent of natural gas going forward(rising demand). Softer quarter has created good buying opportunity for investors. Excellent business for the long term shareholder. Utility business will have above average growth. Midstream business growing the LNG Canada ramping up (will change natural gas in Canada).
oil / gas
BUY
Altagas Ltd
Surprisingly weak. FMV is about 90% higher than current price. OK balance sheet. Good upside potential, decent dividend. Why is the stock down here? He sees value.
oil / gas
BUY
Altagas Ltd
Pretty solid. Fairly safe, like a utility. Cleaned up their act. Reasonable yield. Perhaps 10% growth, more if we're lucky. This one's OK.
oil / gas
BUY
Altagas Ltd
Allan Tong’s Discover Picks In the year since this was a top pick, natural gas prices have soared. ALA shares have jumped 38%. Add the 3.47% dividend and shareholders have been rewarded with nearly a 42% gain. ALA shares have soared from roughly $20 to $30 since the war started in late February. Meanwhile, natural gas prices have soared 109% since the past pick date, and 126% during the war (through April 18, 2022). Read 3 Booming Resource Stocks: Fertilizer and Natural Gas for our full analysis.
oil / gas
Showing 1 to 15 of 589 entries

Altagas Ltd(ALA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 5

Stockchase rating for Altagas Ltd is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Altagas Ltd(ALA-T) Frequently Asked Questions

What is Altagas Ltd stock symbol?

Altagas Ltd is a Canadian stock, trading under the symbol ALA-T on the Toronto Stock Exchange (ALA-CT). It is usually referred to as TSX:ALA or ALA-T

Is Altagas Ltd a buy or a sell?

In the last year, 5 stock analysts published opinions about ALA-T. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Altagas Ltd.

Is Altagas Ltd a good investment or a top pick?

Altagas Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Altagas Ltd.

Why is Altagas Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Altagas Ltd worth watching?

5 stock analysts on Stockchase covered Altagas Ltd In the last year. It is a trending stock that is worth watching.

What is Altagas Ltd stock price?

On 2023-06-02, Altagas Ltd (ALA-T) stock closed at a price of $24.28.