Brokerages Set Enerflex Ltd. (TSE:EFX) Target Price at C$10.50

Enerflex Ltd. (TSE:EFX - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$10.50.

A number of brokerages recently commented on EFX. BMO Capital Markets upped their price objective on Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. ATB Capital decreased their price target on shares of Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. TD Securities upped their target price on Enerflex from C$11.00 to C$12.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, Raymond James increased their target price on shares of Enerflex from C$11.75 to C$12.00 in a research report on Tuesday, October 15th.

Enerflex Price Performance

Enerflex stock traded up C$0.34 during midday trading on Tuesday, reaching C$10.42. 699,174 shares of the company were exchanged, compared to its average volume of 285,758. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of -8.77 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. Enerflex has a 1 year low of C$5.45 and a 1 year high of C$10.47. The firm's 50-day simple moving average is C$8.51 and its 200-day simple moving average is C$7.78.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.96%. Enerflex's payout ratio is presently -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.