Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as $10.03 and last traded at $10.03, with a volume of 323 shares trading hands. The stock had previously closed at $10.00.
Analyst Ratings Changes
A number of research analysts have recently commented on INGXF shares. Raymond James cut Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, February 25th. National Bank Financial lowered Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
Get Our Latest Analysis on INGXF
Innergex Renewable Energy Price Performance
The business's 50-day moving average is $9.73 and its two-hundred day moving average is $7.69. The company has a market capitalization of $2.04 billion, a P/E ratio of 334.37 and a beta of 0.62. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. The company had revenue of $188.64 million during the quarter, compared to analysts' expectations of $277.44 million. As a group, analysts predict that Innergex Renewable Energy Inc. will post 0.09 earnings per share for the current year.
Innergex Renewable Energy Cuts Dividend
The company also recently declared a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a $0.0624 dividend. The ex-dividend date was Monday, March 31st. This represents a dividend yield of 2.64%. Innergex Renewable Energy's payout ratio is currently 178.57%.
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.
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