Enerflex (TSE:EFX) Price Target Raised to C$15.00

Enerflex (TSE:EFX) had its price objective upped by ATB Capital from C$12.00 to C$15.00 in a report issued on Friday morning,BayStreet.CA reports.

A number of other research firms have also commented on EFX. Raymond James increased their price target on Enerflex from C$12.00 to C$13.75 in a research report on Friday. BMO Capital Markets increased their target price on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday. Finally, TD Securities boosted their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.34.

Enerflex Stock Performance

Shares of Enerflex stock opened at C$11.75 on Friday. Enerflex has a 52 week low of C$5.45 and a 52 week high of C$11.92. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The business has a 50 day moving average price of C$8.77 and a 200-day moving average price of C$7.87. The company has a market cap of C$1.46 billion, a PE ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio (DPR) is -8.70%.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.