Enerflex Ltd. (TSE:EFX - Get Free Report) declared a quarterly dividend on Wednesday, May 21st, TickerTech Dividends reports. Shareholders of record on Tuesday, June 3rd will be given a dividend of 0.0375 per share on Tuesday, June 3rd. This represents a $0.15 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, May 21st.
Enerflex Stock Down 3.2%
TSE EFX traded down C$0.32 during trading hours on Wednesday, reaching C$9.53. 696,034 shares of the company traded hands, compared to its average volume of 590,962. Enerflex has a 12 month low of C$6.30 and a 12 month 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. The stock has a market capitalization of C$1.19 billion, a PE ratio of -10.35 and a beta of 1.71. The company has a 50 day moving average of C$9.86 and a two-hundred day moving average of C$11.84.
Insiders Place Their Bets
In other news, Senior Officer Joseph Paul John Ladouceur acquired 3,000 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average price of C$11.41 per share, with a total value of C$34,233.00. Over the last three months, insiders have acquired 6,200 shares of company stock valued at $69,129. Company insiders own 0.49% of the company's stock.
Analyst Ratings Changes
A number of research analysts have commented on the stock. ATB Capital reduced their price objective on shares of Enerflex from C$18.00 to C$16.50 and set an "outperform" rating on the stock in a research note on Monday, May 5th. BMO Capital Markets reduced their price objective on shares of Enerflex from C$15.00 to C$14.00 in a research note on Thursday, April 17th. TD Securities reduced their price objective on shares of Enerflex from C$17.00 to C$15.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Raymond James increased their target price on shares of Enerflex from C$17.00 to C$17.75 in a report on Friday, February 28th.
Read Our Latest Report on EFX
About Enerflex
(
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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.
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