Enerflex (NYSE:EFXT) Shares Up 4.8% Following Analyst Upgrade

Enerflex Ltd. (NYSE:EFXTGet Rating)’s stock price rose 4.8% during trading on Friday after Raymond James raised their price target on the stock from C$13.00 to C$15.00. The stock traded as high as $6.18 and last traded at $6.15. Approximately 2,420 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 80,181 shares. The stock had previously closed at $5.87.

EFXT has been the subject of several other reports. Stifel Nicolaus boosted their price objective on Enerflex from C$8.00 to C$9.00 in a report on Monday, November 14th. Royal Bank of Canada boosted their price objective on Enerflex from C$11.00 to C$12.00 in a research report on Friday, November 11th.

Enerflex Trading Up 7.8 %

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Tuesday, November 29th will be paid a dividend of $0.018 per share. This represents a $0.07 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Monday, November 28th.

Enerflex Company Profile

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Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutions, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, re-configuration, and re-packaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.

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