Northland Power (TSE:NPI) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Northland Power Inc. (TSE:NPI - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.04 and traded as high as C$21.71. Northland Power shares last traded at C$21.69, with a volume of 670,180 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Raymond James Financial decreased their price target on shares of Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. Cormark lowered Northland Power from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Scotiabank raised Northland Power from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. National Bank Financial upgraded Northland Power to a "strong-buy" rating in a report on Sunday, June 8th. Finally, CIBC dropped their target price on shares of Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$27.08.

Northland Power Stock Performance

The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The firm has a fifty day moving average of C$20.19 and a 200 day moving average of C$19.04. The stock has a market cap of C$5.61 billion, a price-to-earnings ratio of -39.21, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend was Monday, March 31st. Northland Power's payout ratio is currently -219.84%.

Northland Power Company Profile

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term.