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

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

Enerflex Price Performance

EFX stock opened at C$29.43 on Monday. The firm has a market cap of C$3.58 billion, a P/E ratio of 26.75 and a beta of 2.36. The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13. Enerflex has a 1 year low of C$8.74 and a 1 year high of C$32.64. The stock has a 50-day simple moving average of C$24.64 and a 200-day simple moving average of C$19.79.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EFX. Raymond James Financial lowered shares of Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price objective on the stock. in a research note on Wednesday, February 4th. TD Securities raised their price target on shares of Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, February 27th. BMO Capital Markets lifted their price target on shares of Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, ATB Cormark Capital Markets set a C$26.00 price objective on shares of Enerflex and gave the stock an “outperform” rating in a report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Enerflex presently 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.