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

Enerflex Ltd. (TSE:EFX) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$13.47.

EFX has been the subject of a number of recent research reports. ATB Capital increased their price objective on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Raymond James increased their price target on Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. TD Securities boosted their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Acumen Capital raised their target price on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. Finally, National Bankshares boosted their price target on shares of Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 19th.

Enerflex Trading Down 1.5 %

Shares of EFX stock opened at C$12.93 on Thursday. Enerflex has a fifty-two week low of C$6.30 and a fifty-two week high of C$15.22. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The stock’s fifty day moving average is C$14.05 and its two-hundred day moving average is C$10.92. The firm has a market capitalization of C$1.61 billion, a P/E ratio of -14.05 and a beta of 1.71.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 16th were issued a $0.0375 dividend. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, November 26th. Enerflex’s payout ratio is -10.86%.

Insiders Place Their Bets

In other news, Director Joanne Linette Cox acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of C$13.65 per share, with a total value of C$34,115.00. 0.49% of the stock is currently owned by insiders.

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.