Enerflex Ltd. (TSE:EFX – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$13.47.
Several brokerages have issued reports on EFX. Acumen Capital raised their target price on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. TD Securities raised their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Raymond James upped their target price on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. ATB Capital lifted their target price on Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. Finally, National Bankshares boosted their price target on Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 19th.
Get Our Latest Stock Analysis on Enerflex
Enerflex Trading Up 0.7 %
Enerflex Increases Dividend
The firm also recently declared 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 1.08%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, November 26th. Enerflex’s dividend payout ratio is presently -8.70%.
Insider Buying and Selling at Enerflex
In other news, Director Joanne Linette Cox purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of C$13.65 per share, for a total transaction of C$34,115.00. 0.49% of the stock is currently owned by corporate 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.
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