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

Polaris Renewable Energy Inc. (TSE:PIF) Director Marc Murnaghan acquired 5,000 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average cost of C$12.14 per share, for a total transaction of C$60,700.00. Following the completion of the transaction, the director directly owned 518,501 shares in the company, valued at C$6,294,602.14. This represents 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 Down 0.3%

Polaris Renewable Energy stock opened at C$12.28 on Friday. Polaris Renewable Energy Inc. has a 12 month low of C$10.70 and a 12 month high of C$14.20. The stock has a fifty day simple moving average of C$12.19 and a two-hundred day simple moving average of C$12.54. The company has a current ratio of 5.25, a quick ratio of 1.64 and a debt-to-equity ratio of 91.31. The firm has a market cap of C$256.59 million, a price-to-earnings ratio of -94.46, a PEG ratio of 3.28 and a beta of 0.51.

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 return on equity of 1.09% and a negative net margin of 3.29%.The firm had revenue of C$25.57 million for the quarter. Equities analysts predict that Polaris Renewable Energy Inc. will post 0.6481187 EPS for the current fiscal year.

Polaris Renewable Energy Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Raymond James Financial dropped 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 boosted their price objective on shares of Polaris Renewable Energy from C$20.00 to C$21.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$19.63.

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.