Innergex Renewable Energy (OTCMKTS:INGXF) Reaches New 1-Year High - What's Next?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.61 and last traded at $9.59, with a volume of 2125 shares changing hands. The stock had previously closed at $9.42.

Analyst Ratings Changes

Several equities analysts have recently commented on INGXF shares. National Bank Financial lowered shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 25th. Raymond James lowered Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Innergex Renewable Energy Stock Up 0.2 %

The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 315.10 and a beta of 0.55. The business's fifty day moving average is $7.91 and its two-hundred day moving average is $6.85.

Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.22. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. The company had revenue of $204.46 million during the quarter, compared to analysts' expectations of $266.84 million. Equities analysts forecast 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 announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.0624 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a yield of 2.64%. Innergex Renewable Energy's payout ratio is 800.00%.

About Innergex Renewable Energy

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.