Valener Inc (TSE:VNR) – Equities researchers at National Bank Financial cut their FY2018 earnings estimates for Valener in a research note issued to investors on Monday. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $1.31 per share for the year, down from their prior estimate of $1.60. National Bank Financial has a “Underperform” rating and a $22.00 price target on the stock. National Bank Financial also issued estimates for Valener’s FY2019 earnings at $1.45 EPS.
Valener (TSE:VNR) last released its quarterly earnings data on Friday, November 24th. The company reported C($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.02). The company had revenue of C($4.39) million during the quarter. Valener had a negative net margin of 1,072.14% and a negative return on equity of 1.66%.
Shares of Valener (VNR) traded up C$0.01 on Thursday, hitting C$20.24. 41,368 shares of the stock traded hands, compared to its average volume of 53,058. Valener has a 52 week low of C$20.12 and a 52 week high of C$23.28. The firm has a market cap of $800.35, a price-to-earnings ratio of 14.45 and a beta of 0.02.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Saturday, March 31st will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.16 annualized dividend and a dividend yield of 5.73%. Valener’s dividend payout ratio (DPR) is 81.43%.
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Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro), whose core operations are natural gas distribution in Quebec and Vermont, as well as electricity distribution in Vermont. The Company also owns indirect interests in wind farms through its subsidiaries, Valener Eole Inc and Valener Eole 4 Inc, which have approximately 154 turbines and an installed capacity of 340 megawatts.
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