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Enerflex (TSE:EFX) was upgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report released on Friday. The firm currently has a C$23.00 price target on the stock. Scotiabank’s price objective would indicate a potential upside of 16.16% from the company’s current price.

Shares of Enerflex (TSE:EFX) traded up 1.36% during mid-day trading on Friday, hitting $20.07. The stock had a trading volume of 432,798 shares. Enerflex has a one year low of $13.33 and a one year high of $21.50. The stock has a 50-day moving average of $19.41 and a 200-day moving average of $17.52. The company has a market cap of $1.574 billion and a P/E ratio of 34.14.

Enerflex (TSE:EFX) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.14. On average, analysts predict that Enerflex will post $1.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Wednesday, August 27th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.52%.

Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Enerflex from C$20.00 to C$22.00 in a research note on Monday, June 23rd. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Enerflex in a research note on Friday, June 20th. They set an “outperform” rating and a C$24.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$23.20.

Enerflex Ltd. (TSE:EFX) is a Canada-based company which is a supplier for natural gas compression, oil and gas processing, refrigeration systems and power generation equipment plus in-house engineering and mechanical services.

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