Innergex Renewable Energy (OTCMKTS:INGXF) Hits New 1-Year High – What’s Next?

Innergex Renewable Energy Inc. (OTCMKTS:INGXF)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $9.46 and last traded at $9.41, with a volume of 274837 shares traded. The stock had previously closed at $9.41.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Raymond James lowered Innergex Renewable Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 25th. National Bank Financial downgraded Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Innergex Renewable Energy Trading Down 0.2 %

The company’s fifty day moving average is $6.09 and its two-hundred day moving average is $6.44. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 4.50. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 313.00 and a beta of 0.56.

Innergex Renewable Energy (OTCMKTS:INGXF) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.22. The business had revenue of $204.46 million during the quarter, compared to analysts’ expectations of $266.84 million. Innergex Renewable Energy had a net margin of 1.84% and a return on equity of 4.40%. On average, research analysts predict that Innergex Renewable Energy Inc. will post 0.09 EPS for the current fiscal year.

Innergex Renewable Energy Cuts Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, December 31st. This represents a dividend yield of 4.6%. Innergex Renewable Energy’s payout ratio is currently 800.00%.

Innergex Renewable Energy Company Profile

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.