Enerflex Ltd (TSE:EFX) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$23.06.

EFX has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on Enerflex from C$23.00 to C$21.00 in a report on Monday, August 14th. CIBC decreased their target price on Enerflex from C$25.00 to C$24.00 in a report on Thursday, July 20th. Raymond James Financial, Inc. lifted their target price on Enerflex from C$21.50 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, June 21st. Finally, Industrial Alliance Securities lifted their target price on Enerflex from C$23.00 to C$23.50 and gave the company a “strong-buy” rating in a report on Wednesday, June 21st.

In other Enerflex news, Director Kevin Jerome Reinhart purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average cost of C$15.65 per share, with a total value of C$31,300.00.

Shares of Enerflex (EFX) traded down 2.33% during midday trading on Wednesday, hitting $17.60. The company had a trading volume of 125,613 shares. Enerflex has a 12 month low of $13.65 and a 12 month high of $20.57. The firm has a market capitalization of $1.56 billion and a PE ratio of 86.27. The company has a 50-day moving average of $17.29 and a 200 day moving average of $17.93.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, August 24th were issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.93%. This is an increase from Enerflex’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, August 22nd.

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Enerflex Company Profile

Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s inā€house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World.

Analyst Recommendations for Enerflex (TSE:EFX)

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