Key Points
- Marc Murnaghan bought 5,000 shares of Polaris on March 20 at an average price of C$12.14 (C$60,700), increasing his stake to 518,501 shares, and subsequently sold 10,000 shares on March 23 at C$11.90.
- Polaris trades near C$12.28 with a market cap of about C$256.6M, pays a quarterly dividend of C$0.15 (annualized yield 4.9%) despite negative net margins, and carries an average analyst price target of C$19.63 (consensus "Buy").
Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan bought 5,000 shares of Polaris Renewable Energy stock in a transaction on Friday, March 20th. The shares were acquired at an average cost of C$12.14 per share, with a total value of C$60,700.00. Following the completion of the acquisition, the director owned 518,501 shares of the company's stock, valued at C$6,294,602.14. The trade was a 0.97% increase in their position.
Marc Murnaghan also recently made the following trade(s):
- On Monday, March 23rd, Marc Murnaghan sold 10,000 shares of Polaris Renewable Energy stock. The stock was sold at an average price of C$11.90, for a total transaction of C$119,000.00.
Polaris Renewable Energy Trading Down 0.3%
Shares of PIF stock opened at C$12.28 on Friday. Polaris Renewable Energy Inc. has a 1 year low of C$10.70 and a 1 year high of C$14.20. The firm has a fifty day moving average price of C$12.19 and a 200-day moving average price of C$12.54. The company has a debt-to-equity ratio of 91.31, a current ratio of 5.25 and a quick ratio of 1.64. The company has a market cap of C$256.59 million, a price-to-earnings ratio of -94.46, a PEG ratio of 3.28 and a beta of 0.51.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported C$0.39 EPS for the quarter. The company had revenue of C$25.57 million for the quarter. Polaris Renewable Energy had a negative return on equity of 1.09% and a negative net margin of 3.29%. As a group, equities analysts predict that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current year.
Polaris Renewable Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. Polaris Renewable Energy's dividend payout ratio (DPR) is -461.54%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on PIF shares. Raymond James Financial cut their price objective on Polaris Renewable Energy from C$20.00 to C$18.25 and set an "outperform" rating for the company in a research note on Friday, February 20th. National Bank Financial raised their target price on shares of Polaris Renewable Energy from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Polaris Renewable Energy has an average rating of "Buy" and an average price target of C$19.63.
Check Out Our Latest Analysis on PIF
Polaris Renewable Energy Company Profile
(
Get Free Report)
Polaris Infrastructure Inc is engaged in the acquisition, exploration, development and operation of geothermal and hydroelectric energy projects. The company, through its subsidiaries, owns and operates a 72-megawatt capacity geothermal facility (the San Jacinto Project), located in northwest Nicaragua.
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