Innergex Renewable Energy Inc Expected to Post Q3 2017 Earnings of $0.10 Per Share (INE)
Innergex Renewable Energy Inc (TSE:INE) – Equities research analysts at National Bank Financial issued their Q3 2017 earnings per share estimates for shares of Innergex Renewable Energy in a note issued to investors on Monday. National Bank Financial analyst R. Merer expects that the company will earn $0.10 per share for the quarter. National Bank Financial also issued estimates for Innergex Renewable Energy’s Q4 2017 earnings at $0.08 EPS and FY2018 earnings at $0.46 EPS.
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Separately, BMO Capital Markets lifted their target price on Innergex Renewable Energy from C$18.50 to C$19.00 in a research report on Friday, September 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Innergex Renewable Energy currently has a consensus rating of “Hold” and a consensus price target of C$17.00.
Innergex Renewable Energy (TSE INE) opened at 15.13 on Thursday. Innergex Renewable Energy has a 52-week low of $12.43 and a 52-week high of $15.72. The company has a market cap of $1.64 billion and a P/E ratio of 68.46. The stock’s 50 day moving average price is $14.67 and its 200-day moving average price is $14.46.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Innergex Renewable Energy’s previous quarterly dividend of $0.15.
In other news, Director Monique Mercier acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average price of C$14.34 per share, for a total transaction of C$28,680.00.
About Innergex Renewable Energy
Innergex Renewable Energy Inc is a Canada-based renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.
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