Polaris Renewable Energy (TSE:PIF) Price Target Raised to C$21.00

Polaris Renewable Energy (TSE:PIF) had its price target increased by National Bankshares from C$20.00 to C$21.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Polaris Renewable Energy Stock Performance

PIF stock opened at C$12.30 on Wednesday. The company has a debt-to-equity ratio of 57.48, a current ratio of 1.82 and a quick ratio of 1.64. Polaris Renewable Energy has a 1-year low of C$10.70 and a 1-year high of C$14.20. The business has a 50 day simple moving average of C$12.02 and a two-hundred day simple moving average of C$12.59. The company has a market capitalization of C$258.10 million, a price-to-earnings ratio of -22.78, a PEG ratio of 3.28 and a beta of 0.57.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, October 30th. The company reported C($0.02) earnings per share (EPS) for the quarter. Polaris Renewable Energy had a net margin of 9.49% and a return on equity of 2.68%. The company had revenue of C$26.51 million for the quarter. Research analysts anticipate that Polaris Renewable Energy will post 0.6481187 EPS for the current fiscal year.

Polaris Renewable Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 21st were paid a $0.15 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.60 annualized dividend and a yield of 4.9%. Polaris Renewable Energy’s payout ratio is presently -111.11%.

Polaris Renewable Energy Company Profile

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.