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

Enerflex Ltd. (TSE:EFX) declared a quarterly dividend on Tuesday, May 7th, TickerTech reports. Shareholders of record on Thursday, May 23rd will be given a dividend of 0.025 per share on Thursday, July 11th. This represents a $0.10 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, May 22nd.

Enerflex Stock Up 5.3 %

Shares of Enerflex stock traded up C$0.35 during midday trading on Thursday, hitting C$6.95. The company’s stock had a trading volume of 693,774 shares, compared to its average volume of 354,789. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$11.03. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 94.38. The firm has a market capitalization of C$861.52 million, a P/E ratio of -7.33 and a beta of 1.82. The stock has a 50-day simple moving average of C$8.12 and a 200-day simple moving average of C$6.91.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). The business had revenue of C$782.21 million for the quarter, compared to analyst estimates of C$788.63 million. Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%. As a group, sell-side analysts expect that Enerflex will post 0.5247718 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EFX. CIBC boosted their price objective on shares of Enerflex from C$8.00 to C$9.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. National Bank Financial raised shares of Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, January 24th. Stifel Nicolaus lifted their price objective on Enerflex from C$11.00 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Raymond James raised their price target on Enerflex from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, National Bankshares upgraded Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 price objective on the stock in a report on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and a consensus price target of C$11.38.

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.