Marc Murnaghan Buys 5,000 Shares of Polaris Renewable Energy (TSE:PIF) Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan bought 5,000 shares of Polaris Renewable Energy stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of C$12.14 per share, for a total transaction of C$60,700.00. Following the acquisition, the director directly owned 518,501 shares of the company’s stock, valued at C$6,294,602.14. The trade was a 0.97% increase in their position.

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 shares were sold at an average price of C$11.90, for a total value of C$119,000.00.

Polaris Renewable Energy Stock Performance

Shares of TSE:PIF opened at C$12.28 on Friday. The business has a 50-day moving average of C$12.19 and a two-hundred day moving average of C$12.54. The firm has a market capitalization of C$256.59 million, a PE ratio of -94.46, a P/E/G ratio of 3.28 and a beta of 0.51. The company has a debt-to-equity ratio of 91.31, a current ratio of 5.25 and a quick ratio of 1.64. Polaris Renewable Energy Inc. has a 12 month low of C$10.70 and a 12 month high of C$14.20.

Polaris Renewable Energy (TSE:PIF) last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.39 earnings per share for the quarter. Polaris Renewable Energy had a negative return on equity of 1.09% and a negative net margin of 3.29%.The business had revenue of C$25.57 million for the quarter. As a group, research analysts forecast that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current year.

Polaris Renewable Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PIF shares. 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. Raymond James Financial reduced their target price on shares of Polaris Renewable Energy from C$20.00 to C$18.25 and set an “outperform” rating on the stock in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$19.63.

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.