Enerflex Ltd. (TSE:EFX) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$13.47.

Several equities research analysts have recently weighed in on the stock. 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. BMO Capital Markets boosted their price target on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Raymond James increased their price objective on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. TD Securities increased their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Acumen Capital boosted their price target on shares of Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th.

Enerflex Price Performance

Shares of Enerflex stock traded down C$0.26 during trading on Thursday, reaching C$12.77. 479,620 shares of the company's stock were exchanged, compared to its average volume of 502,313. The company has a market cap of C$1.59 billion, a P/E ratio of -13.87 and a beta of 1.71. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The firm's 50-day moving average price is C$14.03 and its 200 day moving average price is C$10.97. Enerflex has a 1-year low of C$6.30 and a 1-year high of C$15.22.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of 1.17%. This is an increase from Enerflex's previous quarterly dividend of $0.03. Enerflex's payout ratio is currently -10.86%.

Insider Activity

In other news, Director Joanne Linette Cox acquired 2,500 shares of the business'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, for a total transaction of C$34,115.00. 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.