Badger Infrastructure Solutions (TSE:BDGI) Shares Up 0% – What’s Next?

Badger Infrastructure Solutions Ltd. (TSE:BDGI)’s share price shot up 0% on Friday . The company traded as high as C$39.58 and last traded at C$39.01. 45,616 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 73,004 shares. The stock had previously closed at C$39.00.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Raymond James cut their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus cut their target price on shares of Badger Infrastructure Solutions from C$56.00 to C$51.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, CIBC cut their target price on shares of Badger Infrastructure Solutions from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Badger Infrastructure Solutions currently has an average rating of “Moderate Buy” and a consensus target price of C$49.21.

Badger Infrastructure Solutions Stock Performance

The company has a market cap of C$1.34 billion, a PE ratio of 23.79 and a beta of 1.14. The company has a debt-to-equity ratio of 97.25, a quick ratio of 1.49 and a current ratio of 1.65. The firm’s 50 day moving average is C$38.82 and its 200-day moving average is C$38.78.

Badger Infrastructure Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, September 27th. This represents a $0.72 annualized dividend and a yield of 1.85%. Badger Infrastructure Solutions’s dividend payout ratio is presently 43.90%.

Insider Activity at Badger Infrastructure Solutions

In other news, Senior Officer Julie Lee bought 751 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of C$35.51 per share, for a total transaction of C$26,667.71. Also, Director Robert George Blackadar bought 1,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was purchased at an average price of C$36.08 per share, for a total transaction of C$36,084.40. In the last quarter, insiders acquired 2,751 shares of company stock valued at $101,723. Corporate insiders own 0.33% of the company’s stock.

Badger Infrastructure Solutions Company Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; and debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal.