Key Points
- Director Marc Murnaghan bought 10,000 Polaris Renewable Energy shares on May 22 at an average price of C$12.52, increasing his holdings to 498,501 shares.
- Murnaghan also made additional insider trades around the same period, including two more purchases totaling 15,000 shares and earlier buy/sell activity in March and May.
- Polaris Renewable Energy recently reported a quarterly loss of C($0.04) per share, while analysts maintain a Buy consensus with an average price target of C$19.63; the stock also pays a C$0.15 quarterly dividend, yielding 4.6%.
Polaris Renewable Energy Inc. (TSE:PIF - Get Free Report) Director Marc Murnaghan acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of C$12.90 per share, with a total value of C$64,500.00. Following the acquisition, the director directly owned 513,501 shares of the company's stock, valued at C$6,624,162.90. The trade was a 0.98% increase in their position.
Marc Murnaghan also recently made the following trade(s):
- On Friday, May 22nd, Marc Murnaghan acquired 10,000 shares of Polaris Renewable Energy stock. The stock was bought at an average price of C$12.52 per share, with a total value of C$125,200.00.
- On Monday, May 25th, Marc Murnaghan acquired 10,000 shares of Polaris Renewable Energy stock. The stock was bought at an average price of C$12.84 per share, with a total value of C$128,400.00.
- On Thursday, May 14th, Marc Murnaghan sold 20,000 shares of Polaris Renewable Energy stock. The shares were sold at an average price of C$12.56, for a total value of C$251,200.00.
- On Friday, March 20th, Marc Murnaghan acquired 5,000 shares of Polaris Renewable Energy stock. The stock was bought at an average price of C$12.14 per share, with a total value of C$60,700.00.
- On Monday, March 23rd, Marc Murnaghan sold 10,000 shares of Polaris Renewable Energy stock. The shares were sold at an average price of C$11.90, for a total value of C$119,000.00.
Polaris Renewable Energy Trading Up 0.2%
TSE PIF opened at C$13.03 on Thursday. The stock has a 50-day simple moving average of C$12.59 and a 200 day simple moving average of C$12.27. The company has a market capitalization of C$272.35 million, a PE ratio of 39.48, a P/E/G ratio of 3.28 and a beta of 0.43. The company has a current ratio of 4.90, a quick ratio of 1.64 and a debt-to-equity ratio of 91.92. Polaris Renewable Energy Inc. has a 12 month low of C$11.55 and a 12 month high of C$14.20.
Polaris Renewable Energy (TSE:PIF - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$27.48 million during the quarter. Polaris Renewable Energy had a net margin of 9.00% and a return on equity of 2.96%. Research analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current year.
Polaris Renewable Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 22nd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Thursday, May 14th. Polaris Renewable Energy's dividend payout ratio is currently 181.82%.
Analyst Ratings Changes
Separately, Raymond James Financial dropped 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 report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$19.63.
View Our Latest Analysis on PIF
About Polaris Renewable Energy
(
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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