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

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

EFX has been the subject of several research reports. TD Securities boosted their price target 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. ATB Capital boosted their target price on Enerflex from C$12.00 to C$15.00 in a research note on Friday. Acumen Capital increased their price target on Enerflex from C$12.00 to C$15.00 in a research report on Friday. BMO Capital Markets boosted their price objective on Enerflex from C$11.00 to C$15.00 in a research report on Friday. Finally, Raymond James raised their target price on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday.

Enerflex Trading Up 4.3 %

TSE EFX opened at C$11.75 on Tuesday. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The firm has a market cap of C$1.46 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71. The firm has a 50 day simple moving average of C$8.77 and a 200-day simple moving average of C$7.87. Enerflex has a one year low of C$5.45 and a one year high of C$11.92.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be paid 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 1.28%. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio is currently -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.