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

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.

Enerflex Ltd. (TSE:EFX - Get Free Report) announced a quarterly dividend on Monday, August 18th, TickerTech Dividends reports. Investors 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 yield of 1.1%. The ex-dividend date of this dividend is Monday, August 18th.

Enerflex Stock Performance

TSE:EFX traded up C$0.32 during mid-day trading on Thursday, hitting C$13.46. The stock had a trading volume of 205,641 shares, compared to its average volume of 495,507. The stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of -14.62 and a beta of 1.71. The company has a 50 day simple moving average of C$11.32 and a 200-day simple moving average of C$10.85. Enerflex has a 52 week low of C$7.23 and a 52 week high of C$15.22. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27.

Insider Activity

In other news, Senior Officer Gregory Dean Stewart sold 10,130 shares of Enerflex stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of C$10.80, for a total value of C$109,437.43. 0.49% of the stock is owned by corporate insiders.

Enerflex Company Profile

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.