Northland Power (TSE:NPI) Reaches New 12-Month Low – Here’s Why

Northland Power Inc. (TSE:NPI)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$16.34 and last traded at C$16.57, with a volume of 124890 shares. The stock had previously closed at C$17.01.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NPI shares. Scotiabank dropped their price objective on Northland Power from C$28.00 to C$25.00 in a research note on Thursday. CIBC dropped their target price on shares of Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. Cormark reduced their price target on Northland Power from C$25.00 to C$23.50 in a report on Thursday. National Bankshares dropped their price objective on Northland Power from C$35.00 to C$34.00 in a research note on Wednesday, January 15th. Finally, Raymond James upgraded Northland Power to a “moderate buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$28.56.

Northland Power Stock Down 3.5 %

The firm has a 50-day simple moving average of C$18.59 and a two-hundred day simple moving average of C$20.90. The stock has a market cap of C$4.23 billion, a P/E ratio of 68.38, a PEG ratio of 0.71 and a beta of 0.47. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 7.31%. Northland Power’s dividend payout ratio is presently 500.00%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.