Enerflex Ltd. (TSE:EFX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Enerflex Ltd. (TSE:EFX) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$13.47.

Several brokerages have recently weighed in on EFX. BMO Capital Markets increased their target price on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. TD Securities increased their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Acumen Capital lifted their target price on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. National Bankshares boosted their target price on 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, ATB Capital increased their price target on Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th.

Enerflex Stock Up 1.8 %

EFX stock opened at C$15.00 on Friday. The company has a market cap of C$1.86 billion, a price-to-earnings ratio of -13.04 and a beta of 1.71. The company has a fifty day moving average price of C$13.82 and a 200 day moving average price of 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 has a 12 month low of C$6.30 and a 12 month high of C$15.22.

Enerflex Increases Dividend

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

Insiders Place Their Bets

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

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.