National Bankshares Issues Positive Forecast for Polaris Renewable Energy (TSE:PIF) Stock Price

Polaris Renewable Energy (TSE:PIF) had its price objective raised by National Bankshares from C$20.00 to C$21.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Polaris Renewable Energy Price Performance

Shares of TSE PIF opened at C$12.44 on Wednesday. The company has a debt-to-equity ratio of 57.48, a quick ratio of 1.64 and a current ratio of 1.82. Polaris Renewable Energy has a fifty-two week low of C$10.70 and a fifty-two week high of C$14.20. The stock has a market cap of C$261.04 million, a PE ratio of -23.04, a price-to-earnings-growth ratio of 3.28 and a beta of 0.57. The stock has a fifty day moving average of C$12.04 and a 200-day moving average of C$12.58.

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

Polaris Renewable Energy Dividend Announcement

The company also recently announced 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 4.8%. Polaris Renewable Energy’s dividend payout ratio is currently -111.11%.

About Polaris Renewable Energy

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.