Enerflex Ltd (EFX) Receives Average Rating of “Buy” from Analysts

Enerflex Ltd (TSE:EFX) has been assigned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$23.06.

Several research firms recently weighed in on EFX. Industrial Alliance Securities increased their price objective on shares of Enerflex from C$23.00 to C$23.50 and gave the stock a “strong-buy” rating in a research note on Wednesday, June 21st. Raymond James Financial, Inc. increased their price objective on shares of Enerflex from C$21.50 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 21st. CIBC dropped their price objective on shares of Enerflex from C$25.00 to C$24.00 in a research note on Thursday, July 20th. Finally, BMO Capital Markets dropped their price objective on shares of Enerflex from C$23.00 to C$21.00 in a research note on Monday, August 14th.

Shares of Enerflex (TSE:EFX) traded up 0.16% during mid-day trading on Friday, reaching $18.61. The company’s stock had a trading volume of 76,857 shares. Enerflex has a 52 week low of $12.95 and a 52 week high of $20.57. The firm has a market capitalization of $1.65 billion and a PE ratio of 91.23. The firm has a 50-day moving average of $16.03 and a 200-day moving average of $17.89.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Thursday, August 24th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $0.34 annualized dividend and a dividend yield of 1.81%. This is a positive change from Enerflex’s previous quarterly dividend of $0.06.

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In other news, Director Kevin Jerome Reinhart purchased 2,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average price of C$15.65 per share, for a total transaction of C$31,300.00.

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

Analyst Recommendations for Enerflex (TSE:EFX)

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