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

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

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 stock was bought at an average cost of C$12.14 per share, for a total transaction of C$60,700.00.

Polaris Renewable Energy Trading Down 0.6%

PIF stock traded down C$0.07 during mid-day trading on Friday, hitting C$12.25. 23,832 shares of the company were exchanged, compared to its average volume of 43,541. Polaris Renewable Energy Inc. has a 12-month low of C$10.70 and a 12-month high of C$14.20. The firm has a market capitalization of C$255.96 million, a P/E ratio of -94.23, a PEG ratio of 3.28 and a beta of 0.51. The business has a fifty day simple moving average of C$12.20 and a 200-day simple moving average of C$12.55. 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 released 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 business had revenue of C$25.57 million for the quarter. On average, equities research analysts predict that Polaris Renewable Energy Inc. will post 0.6481187 earnings per share for the current fiscal year.

Polaris Renewable Energy Announces Dividend

The company 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 presently -461.54%.

Analyst Ratings Changes

PIF has been the subject of several research analyst reports. National Bank Financial raised their price target on 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 cut their price objective on 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently 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.