Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
AltaGas ( (TSE:ALA) ) just unveiled an update.
BASF and AltaGas have signed a long-term agreement for the supply of butane, set to commence in 2027, through the Ridley Island Energy Export Facility in British Columbia. This partnership will diversify BASF’s cracker feedstock portfolio, enhancing its supply chain resilience and supporting its growth in Asia. For AltaGas, the agreement de-risks its export platform by adding BASF as a high-quality counterparty, reinforcing the strategic value of its west coast LPG export operations.
The most recent analyst rating on (TSE:ALA) stock is a Buy with a C$40.00 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’ overall score is supported by strong financial performance and positive corporate events. Technical analysis suggests a cautious stance, with the valuation indicating fair pricing. The earnings call reflected strong operational performance but highlighted some financial challenges and market uncertainties.
To see Spark’s full report on TSE:ALA stock, click here.
More about AltaGas
AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. It operates a diversified, lower-risk, high-growth Utilities and Midstream business focused on delivering resilient and durable value for its stakeholders. BASF Intertrade AG is the global trading organization of the BASF Group, specializing in the trade of petroleum, petrochemicals, and related products, with a focus on sustainability and green transformation.
Average Trading Volume: 705,796
Technical Sentiment Signal: Buy
Current Market Cap: C$12.02B
For a thorough assessment of ALA stock, go to TipRanks’ Stock Analysis page.