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

Enerflex Ltd. (TSE:EFX) announced a quarterly dividend on Wednesday, March 11th, TickerTech Dividends reports. Shareholders of record on Wednesday, March 25th will be paid a dividend of 0.0425 per share on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, March 11th.

Enerflex Stock Down 1.1%

Shares of TSE:EFX opened at C$29.43 on Monday. The company has a market capitalization of C$3.58 billion, a P/E ratio of 26.75 and a beta of 2.36. The stock’s fifty day simple moving average is C$24.64 and its 200-day simple moving average is C$19.79. Enerflex has a 52-week low of C$8.74 and a 52-week high of C$32.64. The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 64.41.

Enerflex (TSE:EFX) last announced its earnings results on Wednesday, February 25th. The company reported C$0.28 earnings per share for the quarter. The firm had revenue of C$821.97 million during the quarter. Enerflex had a net margin of 2.49% and a return on equity of 6.74%. As a group, equities research analysts forecast that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Securities upped their price objective on shares of Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, February 27th. ATB Cormark Capital Markets set a C$26.00 target price on shares of Enerflex and gave the stock an “outperform” rating in a research note on Friday, December 19th. BMO Capital Markets boosted their price target on Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Finally, Raymond James Financial lowered Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price target on the stock. in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$24.97.

Enerflex Company Profile

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.