Enerflex (EFX) Hits New 12-Month Low at $14.88
Enerflex Ltd. (TSE:EFX) shares hit a new 52-week low on Thursday . The stock traded as low as C$14.88 and last traded at C$15.04, with a volume of 217887 shares. The stock had previously closed at C$15.23.
Several research firms have commented on EFX. Royal Bank of Canada cut their price objective on Enerflex from C$24.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. TD Securities reissued a “buy” rating and issued a C$24.00 price objective on shares of Enerflex in a research report on Monday, November 13th. Finally, National Bank Financial cut their price objective on Enerflex from C$22.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Enerflex has an average rating of “Buy” and a consensus target price of C$23.31.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This is an increase from Enerflex’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a dividend yield of 2.53%. Enerflex’s dividend payout ratio (DPR) is currently 121.43%.
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Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems.
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