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

Enerflex Ltd. (TSE:EFX) announced a quarterly dividend on Thursday, November 12th. Investors of record on Wednesday, November 25th will be given a dividend of $0.0350 per share on Wednesday, November 25th. This represents a $0.14 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, November 12th. This is a 22.2% decrease from Enerflex’s previous quarterly dividend of $0.0450.

Enerflex Trading Up 4.1%

Shares of TSE EFX opened at C$28.57 on Tuesday. The company has a debt-to-equity ratio of 49.79, a quick ratio of 1.20 and a current ratio of 1.23. Enerflex has a 52-week low of C$17.62 and a 52-week high of C$39.95. The firm has a 50 day moving average price of C$32.47 and a two-hundred day moving average price of C$31.53. The stock has a market cap of C$3.48 billion, a P/E ratio of 48.42 and a beta of 1.37.

Enerflex (TSE:EFX) last released its quarterly earnings results on Thursday, October 29th. The company reported C$0.64 earnings per share (EPS) for the quarter. The firm had revenue of C$886.92 million during the quarter. Enerflex had a net margin of 3.23% and a return on equity of 6.01%. As a group, equities analysts forecast that Enerflex will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EFX. Canadian Imperial Bank of Commerce upgraded Enerflex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. TD Securities downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. Acumen Capital upped their price target on Enerflex from C$42.00 to C$48.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. ATB Cormark Capital Markets increased their price target on Enerflex from C$52.00 to C$56.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada decreased their price target on Enerflex from C$35.00 to C$33.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$44.25.

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.