Enerflex Ltd (EFX) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Enerflex Ltd (TSE:EFX) have been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$23.06.
A number of equities research analysts have recently commented on the company. BMO Capital Markets lowered their target price on Enerflex from C$23.00 to C$21.00 in a research note on Monday, August 14th. Industrial Alliance Securities lifted their price objective on Enerflex from C$23.00 to C$23.50 and gave the stock a “strong-buy” rating in a report on Wednesday, June 21st. CIBC lifted their price objective on Enerflex from C$24.50 to C$25.00 in a report on Wednesday, June 21st. Finally, Raymond James Financial, Inc. lifted their price objective on Enerflex from C$21.50 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, June 21st.
In other Enerflex news, Director Kevin Jerome Reinhart purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of C$15.65 per share, for a total transaction of C$31,300.00.
Enerflex (EFX) traded up 0.76% during trading on Friday, hitting $18.54. 505,388 shares of the company’s stock traded hands. The company’s 50 day moving average price is $16.03 and its 200 day moving average price is $17.89. The company has a market cap of $1.64 billion and a PE ratio of 90.88. Enerflex has a 52-week low of $12.95 and a 52-week high of $20.57.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Thursday, August 24th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, August 22nd. This is an increase from Enerflex’s previous quarterly dividend of $0.06.
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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