Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $8.66 and traded as high as $9.72. Innergex Renewable Energy shares last traded at $9.72, with a volume of 7,604 shares changing hands.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. National Bank Financial downgraded shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Raymond James downgraded shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, February 25th.
Get Our Latest Research Report on INGXF
Innergex Renewable Energy Stock Up 0.3 %
The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $1.98 billion, a PE ratio of 325.67 and a beta of 0.55. The company has a fifty day moving average price of $8.94 and a 200 day moving average price of $7.01.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.22. The firm had revenue of $204.46 million for the quarter, compared to analyst estimates of $266.84 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. As a group, analysts anticipate that Innergex Renewable Energy Inc. will post 0.09 EPS for the current year.
Innergex Renewable Energy Cuts Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.0624 per share. The ex-dividend date was Monday, March 31st. This represents a dividend yield of 2.64%. Innergex Renewable Energy's payout ratio is currently 833.33%.
About Innergex Renewable Energy
(
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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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