Enerflex Ltd. (TSE:EFX) Declares Dividend Increase – $0.04 Per Share

Enerflex Ltd. (TSE:EFX) announced a quarterly dividend on Tuesday, November 26th,TickerTech Dividends reports. Investors of record on Thursday, January 16th will be given 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 of this dividend is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.03.

Enerflex Stock Performance

TSE EFX opened at C$13.14 on Friday. The company has a fifty day moving average price of C$9.17 and a 200-day moving average price of C$8.00. The firm has a market cap of C$1.63 billion, a price-to-earnings ratio of -11.43 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. Enerflex has a 1 year low of C$5.45 and a 1 year high of C$13.31.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EFX shares. TD Securities increased their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Raymond James increased their price target on Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. Acumen Capital boosted their price objective on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. ATB Capital lifted their target price on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets increased their price target on shares of Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.