Altagas Stock Today
| ALA Stock | CAD 34.24 0.16 0.47% |
Performance1 of 100
| Odds Of DistressLess than 38
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AltaGas is selling at 34.24 as of the 30th of November 2024; that is 0.47 percent increase since the beginning of the trading day. The stock's open price was 34.08. AltaGas has about a 38 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for AltaGas are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain Energy |
AltaGas Ltd. operates as a diversified energy infrastructure company in North America. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada. ALTAGAS operates under UtilitiesRegulated Gas classification in Canada and is traded on Toronto Stock Exchange. The company has 297.79 M outstanding shares of which 3.15 M shares are presently shorted by private and institutional investors with about 4.41 days to cover all short positions. More on AltaGas
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AltaGas Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. AltaGas' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding AltaGas or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Randall Crawford | ||||
| Business Concentration | Oil & Gas Storage & Transportation, Oil & Gas Midstream, Energy, Energy, Oil, Gas & Consumable Fuels, Utilities—Regulated Gas, Utilities (View all Sectors) | ||||
AltaGas' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to AltaGas' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsAltaGas can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand AltaGas' financial leverage. It provides some insight into what part of AltaGas' total assets is financed by creditors.
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AltaGas (ALA) is traded on Toronto Exchange in Canada and employs 29 people. AltaGas is listed under Oil & Gas Storage & Transportation category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 10.2 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate AltaGas's market, we take the total number of its shares issued and multiply it by AltaGas's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. AltaGas operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 297.79 M outstanding shares of which 3.15 M shares are presently shorted by private and institutional investors with about 4.41 days to cover all short positions.
AltaGas has accumulated about 53 M in cash with 1.12 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
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Ownership AllocationAltaGas holds a total of 297.79 Million outstanding shares. 30% of AltaGas outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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AltaGas Risk Profiles
Although AltaGas' alpha and beta are two of the key measurements used to evaluate AltaGas' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8302 | |||
| Semi Deviation | 1.57 | |||
| Standard Deviation | 1.24 | |||
| Variance | 1.54 |
AltaGas Stock Against Markets
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AltaGas Corporate Directors
| Robert Hodgins | Independent Director | Profile | |
| Terry McCallister | Director | Profile | |
| Victoria Calvert | Independent Director | Profile | |
| Cynthia Johnston | Independent Director | Profile |
Other Information on Investing in AltaGas Stock
AltaGas financial ratios help investors to determine whether AltaGas Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AltaGas with respect to the benefits of owning AltaGas security.