Enerflex Ltd. (TSE:EFX) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat Ratings 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 twelve-month target price among brokers that have issued ratings on the stock in the last year is C$13.47.

A number of equities research analysts recently weighed in on EFX shares. Raymond James boosted their price target on shares of Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. Acumen Capital upped their target price on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. BMO Capital Markets raised their price target on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. TD Securities lifted their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, National Bankshares increased their target price on Enerflex from C$11.00 to C$16.00 and gave the company a "sector perform" rating in a research note on Thursday, December 19th.

Insiders Place Their Bets

In related news, Director Joanne Linette Cox acquired 2,500 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost 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.

Enerflex Price Performance

Shares of EFX stock traded down C$0.07 during trading hours on Wednesday, reaching C$14.31. 398,981 shares of the company were exchanged, compared to its average volume of 333,376. Enerflex has a fifty-two week low of C$5.78 and a fifty-two week high of C$14.60. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The stock's fifty day moving average is C$11.92 and its two-hundred day moving average is C$9.19. The company has a market cap of C$1.78 billion, a price-to-earnings ratio of -12.44 and a beta of 1.71.

Enerflex Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, November 26th. This is a positive change from Enerflex's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of 1.05%. Enerflex's payout ratio is currently -8.70%.

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.