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

Enerflex (TSE:EFX) had its price target lifted by TD Securities from C$12.00 to C$15.00 in a report published on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. ATB Capital decreased their price objective on Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. BMO Capital Markets boosted their price target on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Finally, Raymond James increased their price objective on Enerflex from C$11.75 to C$12.00 in a report on Tuesday, October 15th. Three investment 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 company has an average rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Stock Up 4.3 %

Enerflex stock opened at C$11.75 on Friday. The firm has a market capitalization of C$1.46 billion, a P/E ratio of -10.22 and a beta of 1.71. The stock’s fifty day simple moving average is C$8.77 and its 200-day simple moving average is C$7.87. Enerflex has a twelve month low of C$5.45 and a twelve month high of C$11.92. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be given a $0.0375 dividend. This is an increase from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, November 26th. This represents a $0.15 annualized dividend and a yield of 1.28%. 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.