Enerflex Ltd (TSE:EFX) Raises Dividend to $0.12 Per Share

Enerflex Ltd (TSE:EFX) declared a quarterly dividend on Wednesday, November 20th, TickerTech reports. Investors of record on Thursday, January 9th will be paid a dividend of 0.115 per share on Thursday, January 9th. This represents a $0.46 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Wednesday, November 20th. This is an increase from Enerflex’s previous quarterly dividend of $0.11.

EFX stock opened at C$11.74 on Tuesday. The company has a debt-to-equity ratio of 34.86, a current ratio of 1.74 and a quick ratio of 1.24. The firm has a market capitalization of $1.06 billion and a P/E ratio of 6.87. The business’s 50-day moving average is C$11.05 and its two-hundred day moving average is C$14.39. Enerflex has a 1 year low of C$10.05 and a 1 year high of C$20.38.

In other Enerflex news, Senior Officer Marc Edward Rossiter bought 20,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of C$12.46 per share, with a total value of C$249,240.00. Following the transaction, the insider now owns 50,000 shares of the company’s stock, valued at C$623,100.

A number of research firms have issued reports on EFX. TD Securities raised Enerflex from a “hold” rating to a “buy” rating and reduced their price target for the company from C$19.00 to C$18.00 in a research report on Wednesday, September 4th. Raymond James reissued an “outperform” rating and set a C$21.00 target price on shares of Enerflex in a research report on Friday, November 8th. Royal Bank of Canada cut their target price on Enerflex from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. BMO Capital Markets cut their target price on Enerflex from C$23.00 to C$18.00 in a research report on Tuesday, September 10th. Finally, National Bank Financial raised Enerflex from a “sector perform” rating to an “outperform” rating and set a C$18.00 target price on the stock in a research report on Friday, November 8th.

About Enerflex

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.

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Dividend History for Enerflex (TSE:EFX)

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