Enerflex Ltd. (TSE:EFX – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$10.47 and last traded at C$10.37, with a volume of 79138 shares. The stock had previously closed at C$10.08.
Analyst Upgrades and Downgrades
A number of research firms recently commented on EFX. TD Securities increased their price objective on Enerflex from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Raymond James lifted their price target on shares of Enerflex from C$11.75 to C$12.00 in a research note on Tuesday, October 15th. BMO Capital Markets lifted their price target on Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Finally, ATB Capital dropped their price objective on Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$10.50.
View Our Latest Research Report on EFX
Enerflex Stock Performance
Enerflex Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.10 annualized dividend and a dividend yield of 0.96%. Enerflex’s 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.
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