Polaris Renewable Energy (TSE:PIF - Free Report) had its target price reduced by Raymond James from C$21.50 to C$19.00 in a research report released on Thursday morning, BayStreet.CA reports. They currently have a strong-buy rating on the stock.
Polaris Renewable Energy Stock Performance
Shares of TSE PIF traded down C$0.13 during mid-day trading on Thursday, reaching C$11.50. 43,987 shares of the company were exchanged, compared to its average volume of 51,311. The stock has a market capitalization of C$242.42 million, a P/E ratio of 15.13, a P/E/G ratio of 3.28 and a beta of 0.89. The company has a quick ratio of 1.64, a current ratio of 1.72 and a debt-to-equity ratio of 64.88. The company's 50-day simple moving average is C$11.69 and its 200-day simple moving average is C$12.61. Polaris Renewable Energy has a twelve month low of C$11.08 and a twelve month high of C$15.77.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.03). Polaris Renewable Energy had a return on equity of 4.37% and a net margin of 14.96%. The company had revenue of C$25.53 million for the quarter, compared to analyst estimates of C$27.11 million. As a group, research analysts predict that Polaris Renewable Energy will post 0.5694106 earnings per share for the current year.
Polaris Renewable Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend was Friday, February 9th. Polaris Renewable Energy's payout ratio is 106.58%.
About Polaris Renewable Energy
(
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Polaris Renewable Energy Inc engages in the acquisition, exploration, development, and operation of renewable energy projects in Latin America. It operates 82 megawatts (MW) net geothermal facility in Nicaragua; and 3 run-of-river hydroelectric facilities in Peru, with combined capacity of approximately 33 MW; a 25 MW solar plant facility in the Dominican Republic; a 6 MW run-of-river hydroelectric facility in Ecuador; and a 10 MW solar plant in Panama.
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