Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) announced a dividend on Saturday, March 22nd, investing.com reports. Shareholders of record on Tuesday, April 1st will be given a dividend of 0.0624 per share on Tuesday, April 15th. This represents a yield of 2.64%. The ex-dividend date of this dividend is Monday, March 31st.
Innergex Renewable Energy Price Performance
Shares of OTCMKTS INGXF traded up $0.07 during mid-day trading on Wednesday, reaching $9.52. The company's stock had a trading volume of 7,035 shares, compared to its average volume of 71,888. The company has a debt-to-equity ratio of 4.50, a current ratio of 0.56 and a quick ratio of 0.56. Innergex Renewable Energy has a 52 week low of $4.81 and a 52 week high of $9.53. The stock has a fifty day moving average of $7.01 and a two-hundred day moving average of $6.66. The firm has a market capitalization of $1.93 billion, a PE ratio of 317.33 and a beta of 0.56.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.22. The business had revenue of $204.46 million during the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Innergex Renewable Energy will post 0.09 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on INGXF shares. Raymond James downgraded shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, February 25th. National Bank Financial cut Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Read Our Latest Stock Analysis on INGXF
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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