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

Enerflex Ltd. (TSE:EFX) declared a quarterly dividend on Tuesday, November 26th,TickerTech Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.03.

Enerflex Trading Up 1.9 %

Shares of TSE EFX opened at C$13.14 on Friday. The company’s 50 day simple moving average is C$9.17 and its 200 day simple moving average is C$8.00. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The firm has a market capitalization of C$1.63 billion, a P/E ratio of -11.43 and a beta of 1.71. Enerflex has a fifty-two week low of C$5.45 and a fifty-two week high of C$13.31.

Analyst Upgrades and Downgrades

EFX has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Acumen Capital increased their price target on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. TD Securities boosted their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, November 15th. ATB Capital upped their target price on shares of Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Finally, Raymond James lifted their price target on shares of Enerflex from C$12.00 to C$13.75 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 data from MarketBeat, Enerflex 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.