Enerflex Ltd (TSE:EFX) announced a quarterly dividend on Monday, August 14th, Zacks reports. Investors of record on Thursday, August 24th will be paid a dividend of 0.085 per share on Thursday, October 12th. This represents a $0.34 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, August 22nd. This is an increase from Enerflex’s previous quarterly dividend of $0.06.

Shares of Enerflex (TSE:EFX) opened at 15.96 on Tuesday. The stock has a market capitalization of $1.41 billion and a price-to-earnings ratio of 78.24. The company has a 50-day moving average of $17.91 and a 200 day moving average of $18.34. Enerflex has a one year low of $12.54 and a one year high of $20.57.

In other news, insider Phillip Pyle acquired 4,500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were bought at an average cost of C$16.60 per share, for a total transaction of C$74,700.00. Also, Director Kevin Jerome Reinhart acquired 1,750 shares of the business’s stock in a transaction dated Wednesday, June 21st. The stock was purchased at an average price of C$17.05 per share, for a total transaction of C$29,837.50.

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A number of brokerages have issued reports on EFX. BMO Capital Markets decreased their price target on Enerflex from C$23.00 to C$21.00 in a research note on Monday. Royal Bank Of Canada raised their price target on Enerflex from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. Industrial Alliance Securities raised their price target on Enerflex from C$23.00 to C$23.50 and gave the stock a “strong-buy” rating in a research note on Wednesday, June 21st. CIBC raised their price target on Enerflex from C$24.50 to C$25.00 in a research note on Wednesday, June 21st. Finally, Raymond James Financial, Inc. raised their price target on Enerflex from C$21.50 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 21st. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Enerflex has a consensus rating of “Buy” and an average price target of C$23.06.

About Enerflex

Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s inā€house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.

Dividend History for Enerflex (TSE:EFX)

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