Enerflex Ltd. (TSE:EFX) Raises Dividend to $0.04 Per Share

Enerflex Ltd. (TSE:EFX) declared a quarterly dividend on Tuesday, November 26th,TickerTech Dividends reports. Shareholders of record on Thursday, January 16th will be paid a dividend of 0.0375 per share on Thursday, January 16th. This represents a $0.15 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.03.

Enerflex Price Performance

Enerflex stock opened at C$13.14 on Friday. The company has a fifty day simple moving average of C$9.17 and a 200-day simple moving average of C$8.00. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The firm has a market capitalization of C$1.63 billion, a price-to-earnings ratio of -11.43 and a beta of 1.71. Enerflex has a 52-week low of C$5.45 and a 52-week high of C$13.31.

Analyst Ratings Changes

EFX has been the subject of a number of recent research reports. Raymond James increased their price objective on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Acumen Capital lifted their price objective on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. TD Securities boosted their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets raised their target price on Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Finally, ATB Capital boosted their price target on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$12.34.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.