Enerflex Ltd. (TSE:EFX) Receives C$13.47 Average Price Target from Analysts

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

Several equities analysts recently weighed in on the company. TD Securities increased their target price 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. National Bankshares upped their price target 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. BMO Capital Markets lifted their price target on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday, November 15th. Raymond James upped their price objective on Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Finally, Acumen Capital lifted their target price on Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th.

Enerflex Stock Performance

Shares of TSE EFX opened at C$14.63 on Wednesday. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The company has a market cap of C$1.81 billion, a PE ratio of -12.72 and a beta of 1.71. The company has a 50-day simple moving average of C$12.48 and a 200-day simple moving average of C$9.47. Enerflex has a 12 month low of C$5.80 and a 12 month high of C$15.09.

Enerflex Increases Dividend

The firm also recently declared 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. This is an increase from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) is currently -8.70%.

Insider Buying and Selling at Enerflex

In other Enerflex 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 cost of C$13.65 per share, for a total transaction of C$34,115.00. Insiders own 0.49% of the company’s stock.

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.