An update from Enerflex ( (TSE:EFX) ) is now available.
Enerflex Ltd. has announced its intention to implement a Normal Course Issuer Bid (NCIB) to repurchase up to 5% of its public float over the next twelve months, subject to approval by the Toronto Stock Exchange. This move is part of Enerflex’s strategy to enhance shareholder returns, following a recent 50% increase in its quarterly dividend, and reflects the company’s belief that its current market share price does not fully represent its underlying value.
More about Enerflex
Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, offering natural gas, low-carbon, and treated water solutions. The company provides both individual, modularized products and services as well as integrated custom solutions, with a workforce of over 4,600 engineers, manufacturers, technicians, and innovators committed to transforming energy for a sustainable future.
YTD Price Performance: -25.67%
Average Trading Volume: 632,702
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.32B
Find detailed analytics on EFX stock on TipRanks’ Stock Analysis page.