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

Enerflex (TSE:EFX) had its price objective hoisted by Acumen Capital from C$12.00 to C$15.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Other analysts also recently issued research reports about the stock. TD Securities raised their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a report on Friday. ATB Capital raised their target price on shares of Enerflex from C$12.00 to C$15.00 in a report on Friday. BMO Capital Markets boosted their target price on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday. Finally, Raymond James increased their price target on Enerflex from C$12.00 to C$13.75 in a report on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Enerflex presently has an average rating of “Moderate Buy” and an average price target of C$12.34.

Enerflex Trading Up 4.3 %

Shares of TSE:EFX opened at C$11.75 on Friday. Enerflex has a 1 year low of C$5.45 and a 1 year high of C$11.92. The stock’s fifty day moving average price is C$8.77 and its 200-day moving average price is C$7.87. The company has a market cap of C$1.46 billion, a P/E ratio of -10.22 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 1.28%. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, November 26th. Enerflex’s dividend payout ratio is -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.