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

Enerflex Ltd. (TSE:EFX) declared a quarterly dividend on Monday, March 10th, TickerTech Dividends reports. Stockholders of record on Monday, March 24th will be paid a dividend of 0.0375 per share on Monday, March 24th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, March 10th.

Enerflex Trading Up 0.9 %

Shares of Enerflex stock opened at C$10.35 on Friday. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company has a market capitalization of C$1.29 billion, a P/E ratio of -11.24 and a beta of 1.71. Enerflex has a 1 year low of C$6.30 and a 1 year high of C$15.22. The company’s fifty day moving average is C$13.56 and its two-hundred day moving average is C$11.21.

Analyst Ratings Changes

Several analysts have commented on the company. TD Securities upped their price objective on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday, November 15th. ATB Capital upped their price target on Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. Raymond James lifted their price objective on shares of Enerflex from C$17.00 to C$17.75 in a research report on Friday, February 28th. National Bankshares upped their price objective on shares of Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. Finally, Acumen Capital raised their target price on shares of Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$13.97.

Insider Transactions at Enerflex

In related news, Director Joanne Linette Cox purchased 2,500 shares of Enerflex stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of C$13.65 per share, for a total transaction of C$34,115.00. Insiders have purchased a total of 2,920 shares of company stock valued at $38,874 in the last ninety days. 0.49% of the stock is currently owned by company insiders.

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.