Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.47 and traded as high as $9.39. Innergex Renewable Energy shares last traded at $9.39, with a volume of 486 shares traded.
Analysts Set New Price Targets
INGXF has been the subject of a number of research analyst reports. National Bank Financial cut Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a report 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.
View Our Latest Research Report on INGXF
Innergex Renewable Energy Trading Up 0.8 %
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 business's 50-day moving average price is $6.54 and its two-hundred day moving average price is $6.54. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 315.33 and a beta of 0.56.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $266.84 million. Research analysts predict that Innergex Renewable Energy Inc. will post 0.09 earnings per share for the current year.
Innergex Renewable Energy Cuts Dividend
The company also recently disclosed a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were given a dividend of $0.0649 per share. 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 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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