Enerflex Ltd. (TSE:EFX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Enerflex Ltd. (TSE:EFX) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$12.34.

Several brokerages have recently issued reports on EFX. BMO Capital Markets boosted their price objective on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. ATB Capital boosted their price target on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Raymond James raised their price objective on Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. TD Securities boosted their target price on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Acumen Capital raised their price target on shares of Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th.

Enerflex Stock Performance

Shares of EFX stock opened at C$13.01 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 market capitalization of C$1.61 billion, a price-to-earnings ratio of -11.31 and a beta of 1.71. Enerflex has a one year low of C$5.45 and a one year high of C$13.41. The company has a 50 day moving average price of C$10.15 and a 200 day moving average price of C$8.35.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be paid a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio (DPR) is -8.70%.

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.