Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.60 and traded as high as $9.66. Innergex Renewable Energy shares last traded at $9.66, with a volume of 1,670 shares traded.
Analyst Ratings Changes
INGXF has been the subject of several recent research reports. National Bank Financial lowered shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Raymond James lowered shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, February 25th.
View Our Latest Analysis on INGXF
Innergex Renewable Energy Stock Up 5.6%
The company has a market cap of $1.98 billion, a price-to-earnings ratio of 325.67 and a beta of 0.62. 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 firm's 50-day moving average price is $9.62 and its 200-day moving average price is $7.40.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $277.44 million. Sell-side 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 firm also recently declared a dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.0624 dividend. This represents a yield of 2.64%. The ex-dividend date was Monday, March 31st. Innergex Renewable Energy's dividend payout ratio (DPR) is presently 178.57%.
Innergex Renewable Energy Company Profile
(
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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