Enerflex Ltd. (EFX) to Issue Quarterly Dividend of $0.03 on October 2nd

Enerflex Ltd. (TSE:EFX) announced a quarterly dividend on Wednesday, August 7th, TickerTech reports. Investors of record on Thursday, August 22nd will be given a dividend of 0.025 per share on Wednesday, October 2nd. This represents a $0.10 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, August 22nd.

Enerflex Trading Up 2.2 %

Shares of EFX traded up C$0.17 during mid-day trading on Friday, hitting C$7.87. The company had a trading volume of 184,090 shares, compared to its average volume of 305,991. The business’s 50-day simple moving average is C$7.23 and its 200-day simple moving average is C$7.46. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 90.44. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$10.25. The stock has a market cap of C$975.80 million, a PE ratio of -6.21 and a beta of 1.80.

Enerflex (TSE:EFX) last released its earnings results on Tuesday, May 7th. The company reported C($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.33). Enerflex had a negative return on equity of 10.12% and a negative net margin of 4.65%. The company had revenue of C$860.11 million during the quarter, compared to analyst estimates of C$780.57 million. Sell-side analysts forecast that Enerflex will post 0.3211137 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on EFX shares. BMO Capital Markets raised their price target on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday. National Bank Financial lowered shares of Enerflex from a “strong-buy” rating to a “hold” rating in a report on Sunday, June 2nd. Stifel Nicolaus cut their price target on shares of Enerflex from C$13.00 to C$10.00 in a report on Thursday, May 9th. TD Securities raised their price target on shares of Enerflex from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Thursday. Finally, CIBC cut their price target on shares of Enerflex from C$6.55 to C$6.00 in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Enerflex currently has an average rating of “Moderate Buy” and an average price target of C$10.44.

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.