Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $9.77 and last traded at $9.74, with a volume of 1297 shares traded. The stock had previously closed at $9.72.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. National Bank Financial downgraded shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Raymond James cut Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
Check Out Our Latest Stock Analysis on INGXF
Innergex Renewable Energy Stock Performance
The stock has a market cap of $1.97 billion, a P/E ratio of 324.00 and a beta of 0.55. The company's 50-day simple moving average is $9.12 and its 200 day simple moving average is $7.04. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.22. The company had revenue of $204.46 million during the quarter, compared to the consensus estimate of $266.84 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. As a group, sell-side analysts expect that Innergex Renewable Energy Inc. will post 0.09 EPS for the current fiscal year.
Innergex Renewable Energy Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a $0.0624 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a dividend yield of 2.64%. Innergex Renewable Energy's dividend payout ratio (DPR) is currently 833.33%.
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.
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