Key Points
- Director Marc Murnaghan sold 20,000 shares of Polaris Renewable Energy at C$12.56 each, trimming his direct stake by about 3.93% to 488,501 shares.
- The company recently reported Q1 earnings of C($0.04) per share on revenue of C$27.48 million, while analysts still forecast full-year EPS of about 0.648.
- Polaris declared a quarterly dividend of $0.15 per share, equal to an annualized yield of 4.8%, though its payout ratio remains high at 181.82%.
Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan sold 20,000 shares of Polaris Renewable Energy stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$12.56, for a total value of C$251,200.00. Following the completion of the sale, the director directly owned 488,501 shares in the company, valued at approximately C$6,135,572.56. This represents a 3.93% decrease in their position.
Marc Murnaghan also recently made the following trade(s):
- On Friday, March 20th, Marc Murnaghan bought 5,000 shares of Polaris Renewable Energy stock. The stock was bought at an average cost of C$12.14 per share, for a total transaction of C$60,700.00.
- 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 value of C$119,000.00.
Polaris Renewable Energy Price Performance
Shares of TSE PIF opened at C$12.50 on Wednesday. The business's 50 day moving average price is C$12.52 and its two-hundred day moving average price is C$12.28. The company has a market cap of C$261.28 million, a PE ratio of 37.88, a price-to-earnings-growth ratio of 3.28 and a beta of 0.43. The company has a quick ratio of 1.64, a current ratio of 4.90 and a debt-to-equity ratio of 91.92. Polaris Renewable Energy Inc. has a twelve month low of C$11.40 and a twelve month high of C$14.20.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$27.48 million for the quarter. Polaris Renewable Energy had a return on equity of 2.96% and a net margin of 9.00%. On average, analysts predict that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current year.
Polaris Renewable Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, May 14th. Polaris Renewable Energy's payout ratio is 181.82%.
Analysts Set New Price Targets
Separately, Raymond James Financial lowered their price target on Polaris Renewable Energy from C$20.00 to C$18.25 and set an "outperform" rating on the stock in a research report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$19.63.
Check Out Our Latest Report on PIF
Polaris Renewable Energy Company Profile
(
Get Free Report)
Polaris Renewable Energy Inc is a Canadian publicly traded company engaged in the acquisition, development, and operation of renewable energy projects in Latin America & the Caribbean. We are a high-performing and financially sound contributor to the energy transition. The Company's operations include a geothermal plant (82 MW), four run-of river hydroelectric plants (39 MW), three solar (photovoltaic) projects (35 MW) and an onshore wind farm (26 MW).
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