Enerflex Ltd. (TSE:EFX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Enerflex Ltd. (TSE:EFX) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$12.34.

EFX has been the subject of a number of research analyst reports. BMO Capital Markets raised their price objective on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. TD Securities increased their target price on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Raymond James boosted their price target on shares of Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. ATB Capital increased their price objective on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Finally, Acumen Capital upped their target price on shares of Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th.

Enerflex Stock Down 2.5 %

TSE EFX opened at C$13.01 on Friday. The business’s fifty day simple moving average is C$10.15 and its 200-day simple moving average is C$8.35. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The firm has a market cap of C$1.61 billion, a PE ratio of -11.31 and a beta of 1.71. Enerflex has a 52 week low of C$5.45 and a 52 week high of C$13.41.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be issued a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio is -8.70%.

About Enerflex

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.