Enerflex (EFX) Given New C$20.50 Price Target at National Bank Financial
Enerflex (TSE:EFX) had its price objective raised by National Bank Financial from C$18.50 to C$20.50 in a research note published on Friday morning. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for Enerflex’s FY2018 earnings at $1.11 EPS.
Several other research analysts have also commented on the stock. TD Securities lowered shares of Enerflex from an action list buy rating to a buy rating and upped their price objective for the stock from C$21.00 to C$22.00 in a report on Wednesday, September 5th. Raymond James upped their price objective on shares of Enerflex from C$21.25 to C$22.00 and gave the stock an outperform rating in a report on Friday, August 10th. Six equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of C$22.08.
TSE EFX traded up C$1.69 during trading on Friday, hitting C$18.39. The company had a trading volume of 605,300 shares, compared to its average volume of 213,049. The company has a debt-to-equity ratio of 40.73, a quick ratio of 1.75 and a current ratio of 2.11. Enerflex has a one year low of C$13.55 and a one year high of C$18.46.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 10th. Stockholders of record on Thursday, January 10th will be given a $0.105 dividend. The ex-dividend date is Tuesday, November 20th. This is an increase from Enerflex’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.28%. Enerflex’s dividend payout ratio is currently 39.45%.
In other news, insider Gregory Dean Stewart sold 35,000 shares of the company’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of C$16.62, for a total value of C$581,700.00. Also, insider James Harbilas sold 30,000 shares of the company’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of C$16.27, for a total transaction of C$488,100.00. Insiders sold a total of 70,000 shares of company stock worth $1,149,800 over the last ninety days.
Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power equipment in Canada, the United States, and internationally. The company offers engineered systems, including engineering, design, fabrication, and assembly of standard and custom-designed compression, electric power, and processing solutions.
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