Enerflex Ltd. (TSE:EFX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Enerflex Ltd. (TSE:EFX) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$13.47.

A number of equities analysts recently weighed in on EFX shares. TD Securities upped their target price 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 target price 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. Raymond James increased their price objective on shares of Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. ATB Capital increased their price objective on shares of Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. Finally, BMO Capital Markets increased their price objective on shares of Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th.

Enerflex Price Performance

Shares of TSE:EFX opened at C$14.05 on Friday. 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 fifty day moving average price of C$13.98 and a 200 day moving average price of C$10.32. Enerflex has a fifty-two week low of C$6.30 and a fifty-two week high of C$15.22. The firm has a market cap of C$1.74 billion, a price-to-earnings ratio of -12.22 and a beta of 1.71.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th were issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 1.07%. 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 (DPR) is -8.70%.

Insider Transactions at Enerflex

In related news, Director Joanne Linette Cox purchased 2,500 shares of Enerflex stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of C$13.65 per share, with a total value of C$34,115.00. Company 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.