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

Enerflex (TSE:EFX) had its price objective lifted by BMO Capital Markets from C$11.00 to C$15.00 in a report released on Friday,BayStreet.CA reports.

EFX has been the topic of several other research reports. ATB Capital dropped their target price on Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. TD Securities boosted their price target on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Raymond James increased their price objective on Enerflex from C$12.00 to C$13.75 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Enerflex currently has an average rating of “Moderate Buy” and an average price target of C$12.34.

Enerflex Stock Up 4.3 %

Shares of EFX stock opened at C$11.75 on Friday. The firm’s fifty day moving average price is C$8.77 and its two-hundred day moving average price is C$7.87. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. Enerflex has a 1 year low of C$5.45 and a 1 year high of C$11.92. The firm has a market capitalization of C$1.46 billion, a P/E ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 26th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.28%. Enerflex’s payout ratio is presently -8.70%.

Enerflex Company Profile

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.