Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.09 per share on Wednesday, January 15th. This represents a $0.36 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Tuesday, December 31st.
Innergex Renewable Energy Trading Up 2.5 %
TSE:INE traded up C$0.22 during mid-day trading on Friday, reaching C$9.06. 1,122,330 shares of the company's stock traded hands, compared to its average volume of 649,217. The company has a 50 day moving average price of C$9.62 and a 200-day moving average price of C$9.56. The firm has a market capitalization of C$1.84 billion, a price-to-earnings ratio of -13.60, a PEG ratio of 20.61 and a beta of 0.36. The company has a debt-to-equity ratio of 428.86, a current ratio of 0.57 and a quick ratio of 0.58. Innergex Renewable Energy has a 12-month low of C$7.05 and a 12-month high of C$10.96.
Innergex Renewable Energy (TSE:INE - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C($0.03) earnings per share for the quarter, missing analysts' consensus estimates of C($0.02) by C($0.01). Innergex Renewable Energy had a negative net margin of 11.96% and a negative return on equity of 9.27%. The business had revenue of C$239.51 million for the quarter, compared to the consensus estimate of C$256.60 million. On average, sell-side analysts predict that Innergex Renewable Energy will post 0.1549878 earnings per share for the current year.
Analyst Upgrades and Downgrades
INE has been the topic of several analyst reports. TD Securities downgraded Innergex Renewable Energy from a "buy" rating to a "hold" rating and set a C$10.00 target price on the stock. in a report on Friday, July 26th. CIBC cut their price target on shares of Innergex Renewable Energy from C$11.50 to C$11.00 in a report on Thursday. Cormark downgraded Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 9th. Cibc World Mkts raised Innergex Renewable Energy to a "hold" rating in a report on Monday, July 22nd. Finally, BMO Capital Markets upped their target price on shares of Innergex Renewable Energy from C$11.00 to C$11.50 in a research note on Thursday, September 5th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$12.38.
Check Out Our Latest Stock Analysis on INE
About Innergex Renewable Energy
(
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.
Further Reading
Before you consider Innergex Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innergex Renewable Energy wasn't on the list.
While Innergex Renewable Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
