Northland Power (TSE:NPI) Reaches New 12-Month Low – Time to Sell?

Northland Power Inc. (TSE:NPI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$16.91 and last traded at C$17.38, with a volume of 1836617 shares traded. The stock had previously closed at C$17.52.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. 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. National Bankshares decreased their price objective on Northland Power from C$35.00 to C$34.00 in a report 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 issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$29.71.

Northland Power Stock Down 0.8 %

The stock has a market capitalization of C$4.48 billion, a PE ratio of 72.42, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The business’s fifty day moving average price is C$18.85 and its two-hundred day moving average price is C$21.09.

Northland Power Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 6.90%. 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.