Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.61 and last traded at $9.59, with a volume of 2125 shares changing hands. The stock had previously closed at $9.42.
Analyst Ratings Changes
Several equities analysts have recently commented on INGXF shares. National Bank Financial lowered shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Raymond James lowered Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
Get Our Latest Stock Report on INGXF
Innergex Renewable Energy Stock Up 0.2 %
The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 315.10 and a beta of 0.55. The business's fifty day moving average is $7.91 and its two-hundred day moving average is $6.85.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.22. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. The company had revenue of $204.46 million during the quarter, compared to analysts' expectations of $266.84 million. Equities analysts forecast that Innergex Renewable Energy Inc. will post 0.09 earnings per share for the current fiscal year.
Innergex Renewable Energy Cuts Dividend
The business also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.0624 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 2.64%. Innergex Renewable Energy's payout ratio is 800.00%.
About Innergex Renewable Energy
(
Get Free Report)
Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
Recommended Stories
Before you consider Innergex Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innergex Renewable Energy wasn't on the list.
While Innergex Renewable Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
