Enerflex Ltd. (TSE:EFX) Plans $0.04 Quarterly Dividend

Enerflex Ltd. (TSE:EFX) announced a quarterly dividend on Monday, March 10th, TickerTech Dividends reports. Investors of record on Monday, March 24th will be given a dividend of 0.0375 per share on Monday, March 24th. This represents a $0.15 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, March 10th.

Enerflex Price Performance

EFX stock opened at C$10.35 on Friday. Enerflex has a 52 week low of C$6.30 and a 52 week high of C$15.22. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The firm’s fifty day moving average is C$13.56 and its 200 day moving average is C$11.21. The firm has a market cap of C$1.29 billion, a P/E ratio of -11.24 and a beta of 1.71.

Insider Activity

In related news, Director Joanne Linette Cox purchased 2,500 shares of Enerflex stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of C$13.65 per share, for a total transaction of C$34,115.00. Over the last ninety days, insiders acquired 2,920 shares of company stock worth $38,874. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EFX. National Bankshares raised their target price on shares of Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Thursday, December 19th. BMO Capital Markets raised their price objective on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. ATB Capital upped their target price on Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Raymond James raised their target price on Enerflex from C$17.00 to C$17.75 in a research note on Friday, February 28th. Finally, TD Securities lifted their price target on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$13.97.

Enerflex Company Profile

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.