Polaris Renewable Energy Inc. (TSE:PIF – Get Free Report) Director Marc Murnaghan acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of C$12.14 per share, for a total transaction of C$60,700.00. Following the completion of the purchase, the director directly owned 518,501 shares in the company, valued at C$6,294,602.14. This trade represents a 0.97% increase in their ownership of the stock.

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 value of C$119,000.00.

Polaris Renewable Energy Trading Down 0.6%

TSE PIF traded down C$0.07 during trading hours on Friday, hitting C$12.25. 23,832 shares of the company’s stock were exchanged, compared to its average volume of 43,541. The firm has a market cap of C$255.96 million, a price-to-earnings ratio of -94.23, a PEG ratio of 3.28 and a beta of 0.51. The stock has a 50-day simple moving average of C$12.20 and a 200 day simple moving average of C$12.55. The company has a current ratio of 5.25, a quick ratio of 1.64 and a debt-to-equity ratio of 91.31. Polaris Renewable Energy Inc. has a 1-year low of C$10.70 and a 1-year high of C$14.20.

Polaris Renewable Energy (TSE:PIF – Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.39 earnings per share (EPS) for the quarter. The firm 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%. On average, equities analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current fiscal year.

Polaris Renewable Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.60 annualized dividend and a yield of 4.9%. Polaris Renewable Energy’s dividend payout ratio is currently -461.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Raymond James Financial decreased their price target on shares of 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 increased their price objective on shares of Polaris Renewable Energy from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report 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 currently has a consensus rating of “Buy” and a consensus price target of C$19.63.

View Our Latest Stock Analysis on Polaris Renewable Energy

About Polaris Renewable Energy

(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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