06:55:14 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enerflex Ltd
Symbol EFX
Shares Issued 88,149,692
Close 2016-10-03 C$ 14.38
Market Cap C$ 1,267,592,571
Recent Sedar Documents

Globe says nine analysts rate Enerflex "buy"

2016-10-03 05:35 ET - In the News

The Globe and Mail reports in its Monday, Oct. 3, edition that Enerflex ($14.07) is a supplier of products and services to the oil and gas industry. The Globe's Jennifer Dowty writes that after the market closed on Aug. 4, Enerflex posted second quarter financial results that topped the Street's expectations. The share price rallied 12 per cent on high volume the following trading day with over 500,000 shares traded. Enerflex pays a quarterly dividend of 8.5 cents per share, or 34 cents on a yearly basis. This translates to a dividend yield of about 2.4 per cent. Enerflex has maintained its dividend at this level since 2014. Nine analysts have issued research reports since the start of the year, all rate Enerflex "buy." Target prices range from a low of $15 to a high of $18. In late August, the share price experienced a bullish "Golden Cross." This occurs when the 50-day moving average crosses above the 200-day moving average. There is upside initial overhead resistance at $16, and then at $18. In terms of downside risk, there is initial support near $14, and then at $12.75, which is close to its 50-day moving average. Failing that, there is support between $11.50 and $12.

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