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

Enerflex Ltd. (TSE:EFX) declared a quarterly dividend on Monday, March 10th, TickerTech Dividends reports. Investors 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 yield of 1.45%. The ex-dividend date of this dividend is Monday, March 10th.

Enerflex Trading Up 0.9 %

Shares of TSE EFX opened at C$10.35 on Friday. Enerflex has a one year low of C$6.30 and a one year high of C$15.22. The firm has a market capitalization of C$1.29 billion, a PE ratio of -11.24 and a beta of 1.71. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The business has a 50-day moving average price of C$13.56 and a two-hundred day moving average price of C$11.21.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EFX shares. Raymond James lifted their price target on Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th. BMO Capital Markets lifted their price target on Enerflex from C$11.00 to C$15.00 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 boosted their price objective on Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. Finally, TD Securities boosted their price target 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$13.97.

Insider Buying and Selling

In related news, Director Joanne Linette Cox purchased 2,500 shares of Enerflex stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of C$13.65 per share, with a total value of C$34,115.00. Over the last three months, insiders bought 2,920 shares of company stock worth $38,874. 0.49% of the stock is owned by corporate 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.