Enerflex Ltd. (TSE:EFX) Receives C$10.50 Consensus PT from Analysts

Enerflex Ltd. (TSE:EFX) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$10.29.

EFX has been the subject of several recent research reports. TD Securities raised their price target on shares of Enerflex from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. ATB Capital decreased their price target on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Raymond James raised their price objective on shares of Enerflex from C$11.75 to C$12.00 in a report on Tuesday, October 15th. Finally, BMO Capital Markets raised their price objective on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th.

Enerflex Stock Performance

Shares of EFX stock opened at C$11.27 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. Enerflex has a 52 week low of C$5.45 and a 52 week high of C$11.32. The stock has a market capitalization of C$1.40 billion, a PE ratio of -9.80 and a beta of 1.71. The firm has a 50 day moving average of C$8.69 and a two-hundred day moving average of C$7.84.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.10 annualized dividend and a yield of 0.89%. 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.