Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.94 and traded as high as $9.46. Innergex Renewable Energy shares last traded at $9.41, with a volume of 274,837 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. National Bank Financial downgraded shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Raymond James downgraded shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
Get Our Latest Analysis on INGXF
Innergex Renewable Energy Stock Performance
The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 4.50. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 310.50 and a beta of 0.56. The stock has a 50 day moving average price of $6.09 and a two-hundred day moving average price of $6.43.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.22. The firm had revenue of $204.46 million for the quarter, compared to analyst estimates of $266.84 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. Analysts predict that Innergex Renewable Energy Inc. will post 0.09 EPS for the current year.
Innergex Renewable Energy Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were given a dividend of $0.0649 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, December 31st. Innergex Renewable Energy's dividend payout ratio is currently 800.00%.
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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