Enerflex Ltd. (TSE:EFX) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Enerflex Ltd. has received a consensus rating of "Moderate Buy" from six analysts, with five recommending a buy and one a hold.
• The average 12-month target price for Enerflex shares is C$16.61, with several brokerages recently raising their price targets.
• Enerflex declared a quarterly dividend of $0.0375 per share, reflecting a 1.0% dividend yield and a payout ratio of 9.50%.

Enerflex Ltd. (TSE:EFX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$16.61.

EFX has been the topic of a number of research analyst reports. TD Securities lifted their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Raymond James Financial lifted their price target on shares of Enerflex from C$17.75 to C$18.25 and gave the company an "outperform" rating in a research note on Friday, August 8th. BMO Capital Markets lifted their price target on shares of Enerflex from C$15.00 to C$16.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. ATB Capital lifted their price target on shares of Enerflex from C$16.50 to C$19.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Enerflex from C$13.00 to C$15.00 and gave the stock an "outperform" rating in a research note on Thursday.

Enerflex Stock Performance

EFX traded up C$0.36 during trading on Thursday, reaching C$15.50. 417,909 shares of the company's stock were exchanged, compared to its average volume of 489,552. Enerflex has a 1 year low of C$7.84 and a 1 year high of C$15.59. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The stock has a market capitalization of C$1.89 billion, a P/E ratio of 14.90 and a beta of 2.39. The company's fifty day simple moving average is C$13.05 and its 200-day simple moving average is C$11.16.

Enerflex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, August 18th. Enerflex's payout ratio is currently 9.50%.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company's focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.

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