Enerflex Ltd. (TSE:EFX) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$14.98 and last traded at C$15.14, with a volume of 635012 shares. The stock had previously closed at C$15.43.
Several research analysts have issued reports on the stock. BMO Capital Markets decreased their price target on shares of Enerflex from C$23.00 to C$21.00 in a research report on Monday, August 14th. National Bank Financial decreased their price objective on shares of Enerflex from C$22.00 to C$18.50 and set an “outperform” rating for the company in a research note on Friday, November 10th. Royal Bank Of Canada decreased their price objective on shares of Enerflex from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. Finally, TD Securities reaffirmed a “buy” rating and issued a C$24.00 price objective on shares of Enerflex in a research note on Monday, November 13th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$23.31.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, November 24th will be paid a $0.095 dividend. This is a positive change from Enerflex’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.38 dividend on an annualized basis and a yield of 2.51%. Enerflex’s dividend payout ratio (DPR) is currently 121.43%.
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Enerflex Company Profile
Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems.
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