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

Enerflex logo with Energy background

Key Points

  • Enerflex Ltd. has announced a quarterly dividend of C$0.0375 per share, with stockholders of record set to be paid on September 2nd.
  • Several analysts have upgraded their price targets for Enerflex, with a consensus target price now at C$16.88 and ratings ranging from "hold" to "buy."
  • As of the last market opening, Enerflex shares are trading around C$13.23, with a 52-week range between C$7.23 and C$15.22.
  • Want stock alerts on Enerflex? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Enerflex Ltd. (TSE:EFX - Get Free Report) announced a quarterly dividend on Monday, August 18th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.0375 per share on Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, August 18th.

Enerflex Stock Performance

TSE EFX opened at C$13.23 on Friday. Enerflex has a 52-week low of C$7.23 and a 52-week high of C$15.22. The company has a 50-day simple moving average of C$11.16 and a 200 day simple moving average of C$10.86. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company has a market capitalization of C$1.65 billion, a PE ratio of -14.37 and a beta of 1.71.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EFX. BMO Capital Markets raised their price objective on shares of Enerflex from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. ATB Capital upped their target price on shares of Enerflex from C$16.50 to C$19.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. TD Securities raised their price objective on shares of Enerflex from C$15.00 to C$17.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Raymond James Financial raised their target price on shares of Enerflex from C$17.75 to C$18.25 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$16.88.

Read Our Latest Report on Enerflex

About Enerflex

(Get Free Report)

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.

See Also

Dividend History for Enerflex (TSE:EFX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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