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

TSE EFX opened at C$13.14 on Monday. The company has a market cap of C$1.63 billion, a PE ratio of -11.43 and a beta of 1.71. The business’s fifty day simple moving average is C$9.17. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. Enerflex has a one year low of C$5.45 and a one year high of C$13.31.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. ATB Capital upped their price objective on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Acumen Capital raised their target price on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. TD Securities upped 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. Finally, Raymond James increased their price target on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.