Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $9.46 and last traded at $9.41, with a volume of 274837 shares. The stock had previously closed at $9.41.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on INGXF. Raymond James downgraded Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, February 25th. National Bank Financial cut shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th.
Read Our Latest Research Report on Innergex Renewable Energy
Innergex Renewable Energy Stock Performance
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 has a fifty day moving average of $6.09 and a 200 day moving average of $6.43. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 313.00 and a beta of 0.56.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.22. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. The business had revenue of $204.46 million during the quarter, compared to analysts' expectations of $266.84 million. On average, sell-side analysts anticipate that Innergex Renewable Energy Inc. will post 0.09 earnings per share for the current fiscal year.
Innergex Renewable Energy Cuts Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were issued a $0.0649 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a yield of 4.6%. Innergex Renewable Energy's dividend payout ratio (DPR) is currently 800.00%.
Innergex Renewable Energy Company Profile
(
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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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