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An update from AltaGas ( (TSE:ALA) ) is now available.
AltaGas has signed a new five-year labour agreement with the International Longshore and Warehouse Union Local 523B covering workers at its Ridley Island Propane Export Terminal, ending a 28-day labour disruption and bringing union employees back to work as of December 25. Throughout the strike, the company used operational leadership as an alternative workforce to keep RIPET running safely and reliably for its more than 70 export customers, preserving uninterrupted service that supports Canadian propane pricing, benefits domestic producers and aggregators, and reinforces Canada’s reputation as a dependable long-term energy supplier to Asia amid strengthening trans-Pacific energy trade ties.
The most recent analyst rating on (TSE:ALA) stock is a Hold with a C$44.00 price target. To see the full list of analyst forecasts on AltaGas stock, see the TSE:ALA Stock Forecast page.
Spark’s Take on TSE:ALA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALA is a Neutral.
AltaGas’s overall stock score is driven by a positive earnings call and reasonable valuation. The company’s strategic investments and growth projects enhance its future potential. However, challenges in financial performance, particularly in revenue growth and leverage, and neutral technical indicators slightly offset these strengths.
To see Spark’s full report on TSE:ALA stock, click here.
More about AltaGas
AltaGas Ltd. is a leading North American energy infrastructure company that connects customers and markets to affordable, reliable energy. It operates a diversified, lower-risk, high-growth portfolio of energy infrastructure assets focused on delivering stable and growing value for stakeholders, including its Ridley Island Propane Export Terminal (RIPET) that links Canadian propane supplies to global markets, particularly in Asia.
YTD Price Performance: 30.00%
Average Trading Volume: 980,774
Technical Sentiment Signal: Buy
Current Market Cap: C$12.63B
Learn more about ALA stock on TipRanks’ Stock Analysis page.