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

Shares of Enerflex Ltd. (TSE:EFX) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$13.47.

EFX has been the topic of a number of research reports. Raymond James lifted their price target on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. BMO Capital Markets boosted their target price on Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Acumen Capital increased their price target on Enerflex from C$12.00 to C$15.00 in a research note on Friday, November 15th. ATB Capital lifted their price objective on Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. Finally, TD Securities upped their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a report on Friday, November 15th.

Enerflex Price Performance

EFX 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 firm has a 50-day moving average of C$12.25 and a 200 day moving average of C$9.36. 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 firm has a market cap of C$1.84 billion, a P/E ratio of -12.90 and a beta of 1.71.

Enerflex Increases Dividend

The business 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 dividend of $0.0375 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 1.01%. Enerflex’s dividend payout ratio is currently -8.70%.

Insider Activity

In other Enerflex news, Director Joanne Linette Cox bought 2,500 shares of the firm’s stock in a transaction on 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. 0.49% of the stock is 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.