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

Shares of Enerflex Ltd. (TSE:EFX) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$13.47.

Several analysts recently weighed in on EFX shares. ATB Capital lifted their target price on shares of Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. TD Securities increased their target price 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. 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. National Bankshares lifted their price objective on shares of Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Finally, Acumen Capital increased their target price on shares of Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th.

Insiders Place Their Bets

In related news, Director Joanne Linette Cox purchased 2,500 shares of Enerflex stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased 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 owned by company insiders.

Enerflex Trading Up 1.8 %

TSE EFX opened at C$15.00 on Friday. Enerflex has a 12 month low of C$6.30 and a 12 month high of C$15.22. The stock has a market capitalization of C$1.86 billion, a P/E ratio of -13.04 and a beta of 1.71. The firm’s 50-day moving average is C$13.82 and its two-hundred day moving average is C$10.16. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 16th were paid a dividend of $0.0375 per share. The ex-dividend date was Tuesday, November 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.00%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s payout ratio is presently -8.70%.

Enerflex Company Profile

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.