Enerflex Ltd. (TSE:EFX) Receives C$13.47 Consensus Price Target from Brokerages

Enerflex Ltd. (TSE:EFX) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$13.47.

Several brokerages have recently issued reports on EFX. TD Securities increased their price target on shares of 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 objective on 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 boosted their target price on Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Raymond James lifted their price objective on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. Finally, ATB Capital lifted their price target on shares of Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th.

Enerflex Price Performance

TSE:EFX opened at C$14.63 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The company has a market capitalization of C$1.81 billion, a P/E ratio of -12.72 and a beta of 1.71. The stock’s fifty day moving average is C$12.48 and its two-hundred day moving average is C$9.47. Enerflex has a 52 week low of C$5.80 and a 52 week high of C$15.09.

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 paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio is -8.70%.

Insider Activity at Enerflex

In other news, Director Joanne Linette Cox acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of C$13.65 per share, with a total value of C$34,115.00. 0.49% of the stock is currently owned by insiders.

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.