Innergex Renewable Energy Inc (INE) Forecasted to Earn Q1 2019 Earnings of ($0.02) Per Share
Innergex Renewable Energy Inc (TSE:INE) – Stock analysts at Raymond James issued their Q1 2019 earnings per share estimates for Innergex Renewable Energy in a research note issued on Tuesday, March 26th. Raymond James analyst D. Quezada anticipates that the company will post earnings per share of ($0.02) for the quarter. Raymond James currently has a “Outperform” rating and a $17.00 target price on the stock. Raymond James also issued estimates for Innergex Renewable Energy’s Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.11 EPS and FY2020 earnings at $0.53 EPS.
Several other research firms also recently weighed in on INE. TD Securities downgraded Innergex Renewable Energy from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$15.00 to C$16.00 in a report on Friday, March 1st. National Bank Financial lifted their price objective on Innergex Renewable Energy from C$17.50 to C$18.50 and gave the company an “outperform” rating in a report on Tuesday, February 19th. Finally, BMO Capital Markets lifted their price objective on Innergex Renewable Energy from C$13.50 to C$15.00 and gave the company a “market perform” rating in a report on Wednesday, February 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$15.93.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.175 dividend. This is an increase from Innergex Renewable Energy’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Thursday, March 28th. Innergex Renewable Energy’s payout ratio is presently 330.10%.
Innergex Renewable Energy Company Profile
Innergex Renewable Energy Inc operates as an independent renewable power producer. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power facilities. The company operates through four segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.
Receive News & Ratings for Innergex Renewable Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innergex Renewable Energy and related companies with MarketBeat.com's FREE daily email newsletter.