Northland Power (TSE:NPI) Reaches New 12-Month Low – What’s Next?

Northland Power Inc. (TSE:NPI)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$17.74 and last traded at C$17.74, with a volume of 1662792 shares trading hands. The stock had previously closed at C$18.51.

Analysts Set New Price Targets

Several research firms recently commented on NPI. National Bankshares decreased their price target on shares of Northland Power from C$35.00 to C$34.00 in a research note on Wednesday, January 15th. CIBC decreased their target price on shares of Northland Power from C$31.00 to C$29.00 in a research report on Wednesday, January 8th. Finally, Raymond James upgraded shares of Northland Power to a “moderate buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$29.71.

Northland Power Stock Down 2.2 %

The firm’s 50-day moving average price is C$18.91 and its 200 day moving average price is C$21.15. The company has a current ratio of 0.86, a quick ratio of 1.23 and a debt-to-equity ratio of 166.53. The company has a market capitalization of C$4.51 billion, a price-to-earnings ratio of 73.00, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Friday, January 31st. Northland Power’s 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.