Shares of Enerflex Ltd. (TSE:EFX) have earned a consensus rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$23.31.

EFX has been the subject of several analyst reports. National Bank Financial raised their target price on Enerflex from C$18.50 to C$19.00 in a research note on Monday, November 20th. Royal Bank of Canada dropped their price target on Enerflex from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. Finally, TD Securities reiterated a “buy” rating and set a C$24.00 price target on shares of Enerflex in a research report on Monday, November 13th.

Shares of Enerflex (EFX) traded up C$0.11 on Tuesday, reaching C$15.34. The company had a trading volume of 107,453 shares, compared to its average volume of 204,253. Enerflex has a 52 week low of C$14.38 and a 52 week high of C$20.57. The stock has a market cap of $1,360.00, a price-to-earnings ratio of 54.79 and a beta of 0.30.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, November 24th will be given a $0.095 dividend. This is an increase from Enerflex’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.38 dividend on an annualized basis and a yield of 2.48%. Enerflex’s payout ratio is presently 121.43%.

In other news, Director Jackson Maureen Ellen Cormier bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of C$15.35 per share, for a total transaction of C$76,750.00.

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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 in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems.

Analyst Recommendations for Enerflex (TSE:EFX)

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