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

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

EFX has been the topic of several recent research reports. TD Securities raised their price target on Enerflex from C$12.00 to C$15.00 and gave the company a "buy" rating in a report on Friday, November 15th. ATB Capital lifted their price objective on Enerflex from C$15.00 to C$17.00 in a research note on Tuesday, December 10th. Raymond James raised their target price on Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. BMO Capital Markets boosted their target price on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Finally, National Bankshares increased their price target on shares of Enerflex from C$11.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Thursday, December 19th.

Enerflex Price Performance

Shares of EFX stock traded up C$0.26 during trading hours on Friday, hitting C$15.00. 348,092 shares of the company's stock were exchanged, compared to its average volume of 579,900. Enerflex has a 52 week low of C$6.30 and a 52 week high of C$15.22. The stock has a market cap of C$1.86 billion, a price-to-earnings ratio of -13.04 and a beta of 1.71. 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 50-day moving average is C$13.82 and its 200-day moving average is C$10.16.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th were given a $0.0375 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.00%. This is a boost 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 (DPR) is presently -8.70%.

Insider Activity at Enerflex

In other news, Director Joanne Linette Cox acquired 2,500 shares of Enerflex stock in a transaction dated Wednesday, December 11th. The stock was bought 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 owned by company 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.