Enerflex Ltd (EFX) Price Target Lowered to C$18.50 at National Bank Financial

Enerflex Ltd (TSE:EFX) had its price objective reduced by National Bank Financial from C$22.00 to C$18.50 in a research note published on Friday. They currently have an outperform rating on the stock.

EFX has been the subject of several other research reports. CIBC reduced their price objective on shares of Enerflex from C$25.00 to C$24.00 in a research note on Thursday, July 20th. BMO Capital Markets reduced their price objective on shares of Enerflex from C$23.00 to C$21.00 in a research note on Monday, August 14th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of C$23.29.

Enerflex (EFX) traded down C$0.36 during mid-day trading on Friday, hitting C$16.14. 701,480 shares of the company traded hands, compared to its average volume of 186,492. Enerflex has a 1-year low of C$15.10 and a 1-year high of C$20.57.

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The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Thursday, August 24th were given a dividend of $0.085 per share. This is a positive change from Enerflex’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, August 22nd. This represents a $0.34 dividend on an annualized basis and a yield of 2.11%. Enerflex’s payout ratio is currently 161.90%.

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

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.

Analyst Recommendations for Enerflex (TSE:EFX)

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