Brokerages Set Enerflex Ltd. (TSE:EFX) Price Target at C$13.47

Enerflex Ltd. (TSE:EFX) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$13.47.

Several analysts have commented on EFX shares. Acumen Capital lifted their price objective on shares of Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. TD Securities boosted their target price 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 increased their price target on Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. Raymond James boosted their price objective on Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Finally, National Bankshares upped their target price on Enerflex from C$11.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 19th.

Insider Activity

In other news, Director Joanne Linette Cox bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of C$13.65 per share, for a total transaction of C$34,115.00. Insiders own 0.49% of the company’s stock.

Enerflex Stock Up 1.2 %

Enerflex stock opened at C$14.83 on Wednesday. Enerflex has a fifty-two week low of C$5.78 and a fifty-two week high of C$14.90. The company has a market cap of C$1.84 billion, a PE ratio of -12.90 and a beta of 1.71. 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 business’s 50-day simple moving average is C$12.25 and its two-hundred day simple moving average is C$9.32.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be given a $0.0375 dividend. The ex-dividend date is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.01%. Enerflex’s 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.