Enerflex Ltd. (TSE:EFX) Announces $0.03 Quarterly Dividend

Enerflex Ltd. (TSE:EFX) announced a quarterly dividend on Wednesday, November 8th, TickerTech reports. Stockholders of record on Tuesday, November 21st will be given a dividend of 0.025 per share on Wednesday, January 10th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Monday, November 20th.

Enerflex Price Performance

TSE EFX opened at C$6.04 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 97.80. Enerflex has a 12-month low of C$5.44 and a 12-month high of C$11.03. The company has a market capitalization of C$748.30 million, a PE ratio of -5.54 and a beta of 1.71. The firm’s 50 day moving average is C$6.49 and its 200-day moving average is C$7.98.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EFX shares. National Bankshares lowered their price objective on shares of Enerflex from C$14.00 to C$10.00 and set a “sector perform” rating on the stock in a report on Friday, October 13th. Acumen Capital lowered their target price on shares of Enerflex from C$14.00 to C$12.00 and set a “buy” rating on the stock in a report on Monday, November 13th. Stifel Nicolaus lowered their target price on shares of Enerflex from C$12.00 to C$11.00 in a report on Thursday, November 9th. ATB Capital lowered their target price on shares of Enerflex from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, CIBC lowered their target price on shares of Enerflex from C$11.75 to C$8.50 and set a “neutral” rating on the stock in a report on Monday, October 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$10.69.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and Eastern Hemisphere. The company provides natural gas compression infrastructure, power generation, and processing 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, electric power solutions, and water 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.