Shares of Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $9.47 and last traded at $9.46, with a volume of 1619 shares trading hands. The stock had previously closed at $9.39.
Analysts Set New Price Targets
Several brokerages recently issued reports on INGXF. 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 report on Tuesday, February 25th.
Read Our Latest Analysis on Innergex Renewable Energy
Innergex Renewable Energy Price 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 company has a market cap of $1.92 billion, a price-to-earnings ratio of 315.37 and a beta of 0.56. The company's 50-day simple moving average is $6.77 and its 200-day simple moving average is $6.60.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last released its 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. The company had revenue of $204.46 million during the quarter, compared to analysts' expectations of $266.84 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. On average, equities research analysts anticipate that Innergex Renewable Energy Inc. will post 0.09 EPS for the current year.
Innergex Renewable Energy Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were issued a $0.0649 dividend. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy's dividend payout ratio (DPR) is 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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