Enerflex Ltd (TSE:EFX) shares rose 9.9% during mid-day trading on Wednesday . The company traded as high as C$17.63 and last traded at C$17.51. Approximately 203,231 shares traded hands during mid-day trading, an increase of 29% from the average daily volume of 157,808 shares. The stock had previously closed at C$15.93.

EFX has been the subject of a number of research analyst reports. BMO Capital Markets decreased their target price on Enerflex from C$23.00 to C$21.00 in a research note on Monday, August 14th. CIBC boosted their target price on Enerflex from C$24.50 to C$25.00 in a research note on Wednesday, June 21st. Industrial Alliance Securities boosted their target price on Enerflex from C$23.00 to C$23.50 and gave the company a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, Raymond James Financial, Inc. boosted their target price on Enerflex from C$21.50 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, June 21st. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$23.06.

The firm has a 50-day moving average of $16.15 and a 200-day moving average of $17.92. The stock has a market capitalization of $1.51 billion and a P/E ratio of 83.53.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Thursday, August 24th will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.13%. This is a positive change from Enerflex’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, August 22nd.

In other news, Director Kevin Jerome Reinhart bought 1,750 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was acquired at an average cost of C$17.05 per share, with a total value of C$29,837.50. Also, insider Phillip Pyle bought 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was purchased at an average cost of C$16.60 per share, with a total value of C$74,700.00. Insiders purchased a total of 8,250 shares of company stock valued at $135,838 over the last ninety days.

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About Enerflex

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. The Company operates through three segments: Canada, USA and Rest of World.

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