Northland Power (TSE:NPI) Shares Pass Above 200 Day Moving Average – Time to Sell?

Northland Power Inc. (TSE:NPI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.08 and traded as high as C$22.34. Northland Power shares last traded at C$22.11, with a volume of 695,441 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. ATB Cormark Capital Markets increased their target price on shares of Northland Power from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Scotia lifted their price target on shares of Northland Power from C$23.00 to C$25.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. TD upped their price objective on shares of Northland Power from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce increased their price objective on shares of Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. Finally, National Bank Financial raised their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Northland Power presently has an average rating of “Hold” and a consensus price target of C$24.80.

Northland Power Price Performance

The business has a 50-day moving average of C$23.00 and a two-hundred day moving average of C$21.08. The company has a current ratio of 1.16, a quick ratio of 1.23 and a debt-to-equity ratio of 168.64. The firm has a market cap of C$5.78 billion, a P/E ratio of -38.79, a price-to-earnings-growth ratio of 0.71 and a beta of 0.81.

Northland Power (TSE:NPI) last posted its earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 EPS for the quarter. Northland Power had a negative return on equity of 3.45% and a negative net margin of 5.52%.The firm had revenue of C$776.97 million during the quarter.

Northland Power Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.3%. Northland Power’s dividend payout ratio is currently -182.46%.

About Northland Power

Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.