Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.46 and traded as high as C$9.94. Innergex Renewable Energy shares last traded at C$9.85, with a volume of 368,921 shares.
Wall Street Analysts Forecast Growth
Several research firms have commented on INE. BMO Capital Markets boosted their target price on Innergex Renewable Energy from C$11.00 to C$11.50 in a research note on Thursday, September 5th. CIBC upped their price objective on Innergex Renewable Energy from C$11.00 to C$11.50 and gave the stock a "neutral" rating in a research note on Monday, July 22nd. Cibc World Mkts raised Innergex Renewable Energy to a "hold" rating in a report on Monday, July 22nd. TD Securities lowered Innergex Renewable Energy from a "buy" rating to a "hold" rating and set a C$10.00 target price on the stock. in a report on Friday, July 26th. Finally, Cormark lowered Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a report on Friday, August 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Innergex Renewable Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.56.
Get Our Latest Stock Analysis on INE
Innergex Renewable Energy Stock Performance
The company has a market cap of C$1.97 billion, a PE ratio of -14.95, a PEG ratio of 20.61 and a beta of 0.36. The company has a quick ratio of 0.58, a current ratio of 0.57 and a debt-to-equity ratio of 428.86. The company has a 50-day moving average of C$9.68 and a 200-day moving average of C$9.46.
Innergex Renewable Energy (TSE:INE - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.02) by C($0.01). The company had revenue of C$239.51 million for the quarter, compared to analysts' expectations of C$256.60 million. Innergex Renewable Energy had a negative net margin of 11.96% and a negative return on equity of 9.27%. As a group, analysts anticipate that Innergex Renewable Energy Inc. will post 0.1549878 earnings per share for the current year.
Innergex Renewable Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 3.70%. Innergex Renewable Energy's dividend payout ratio is currently -55.38%.
Innergex Renewable Energy Company Profile
(
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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