Enerflex Ltd. to Issue Quarterly Dividend of $0.03 (TSE:EFX)

Enerflex Ltd. (TSE:EFX) announced a quarterly dividend on Tuesday, May 7th, TickerTech reports. Investors of record on Thursday, May 23rd will be given a dividend of 0.025 per share on Thursday, July 11th. This represents a $0.10 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Wednesday, May 22nd.

Enerflex Price Performance

Enerflex stock traded up C$0.39 on Thursday, reaching C$6.99. The company’s stock had a trading volume of 662,068 shares, compared to its average volume of 353,838. The business’s fifty day moving average price is C$8.12 and its 200 day moving average price is C$6.91. The company has a market cap of C$866.48 million, a price-to-earnings ratio of -7.33 and a beta of 1.82. Enerflex has a twelve month low of C$5.44 and a twelve month high of C$11.03. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.21). The firm had revenue of C$782.21 million for the quarter, compared to analyst estimates of C$788.63 million. Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. Equities analysts expect that Enerflex will post 0.5247718 earnings per share for the current fiscal year.

Analyst Ratings Changes

EFX has been the subject of a number of recent research reports. National Bankshares raised shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 price target for the company in a research note on Thursday, January 25th. Raymond James raised their price target on Enerflex from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. CIBC increased their target price on Enerflex from C$8.00 to C$9.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. National Bank Financial upgraded Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets cut their price target on shares of Enerflex from C$11.00 to C$10.00 in a research report on Wednesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Enerflex currently has a consensus rating of “Moderate Buy” and an average price target of C$11.38.

Enerflex Company Profile

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.