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

Enerflex Ltd. (TSE:EFX) announced a quarterly dividend on Wednesday, August 19th, TickerTech Dividends reports. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.045 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, August 19th. This is a 5.9% increase from Enerflex’s previous quarterly dividend of $0.04.

Enerflex Price Performance

EFX opened at C$31.11 on Monday. The stock has a fifty day simple moving average of C$32.79 and a two-hundred day simple moving average of C$31.60. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03. The company has a market cap of C$3.80 billion, a price-to-earnings ratio of 70.70 and a beta of 2.30. Enerflex has a 12-month low of C$12.92 and a 12-month high of C$39.95.

Enerflex (TSE:EFX) last announced its earnings results on Thursday, August 6th. The company reported C$0.36 EPS for the quarter. Enerflex had a net margin of 2.53% and a return on equity of 5.26%. The firm had revenue of C$826.90 million for the quarter. Research analysts predict that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EFX. Raymond James Financial lifted their price target on shares of Enerflex from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. National Bank Financial set a C$42.50 price objective on shares of Enerflex and gave the stock an “outperform” rating in a report on Thursday, June 18th. ATB Cormark Capital Markets raised their target price on shares of Enerflex from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. BMO Capital Markets lifted their target price on shares of Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$35.66.

About Enerflex

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.