Marc Murnaghan Sells 10,000 Shares of Polaris Renewable Energy (TSE:PIF) Stock

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan sold 10,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of C$11.90, for a total value of C$119,000.00. Following the sale, the director directly owned 508,501 shares in the company, valued at C$6,051,161.90. This trade represents a 1.93% decrease in their position.

Marc Murnaghan also recently made the following trade(s):

• On Friday, March 20th, Marc Murnaghan bought 5,000 shares of Polaris Renewable Energy stock. The shares were bought at an average cost of C$12.14 per share, with a total value of C$60,700.00.

Polaris Renewable Energy Stock Down 0.3%

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

Polaris Renewable Energy (TSE:PIF) last announced its quarterly earnings results on Thursday, February 19th. The company reported C$0.39 earnings per share (EPS) for the quarter. Polaris Renewable Energy had a negative net margin of 3.29% and a negative return on equity of 1.09%. The firm had revenue of C$25.57 million for the quarter. On average, equities analysts predict that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current fiscal year.

Polaris Renewable Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 27th were paid a $0.15 dividend. The ex-dividend date 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 Ratings Changes

Several research analysts have recently 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 on the stock in a report on Friday, February 20th. National Bank Financial lifted their price objective on Polaris Renewable Energy from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.