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

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

A number of research analysts have commented on EFX shares. TD Securities increased their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, November 15th. ATB Capital upped their price objective on shares of Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. National Bankshares lifted their target price on shares of Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 19th. 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. Finally, BMO Capital Markets raised their price objective on Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th.

Insider Buying and Selling

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

Enerflex Price Performance

Shares of Enerflex stock opened at C$14.83 on Wednesday. The firm has a market capitalization of C$1.84 billion, a PE ratio of -12.90 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. Enerflex has a 12 month low of C$5.78 and a 12 month high of C$14.90. The business’s 50-day moving average price is C$12.25 and its 200-day moving average price is C$9.36.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.01%. This is an increase 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.