Enerflex (NYSE:EFXT) Price Target Raised to $12.00

Enerflex (NYSE:EFXT) had its target price increased by Royal Bank of Canada from $9.00 to $12.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Enerflex Trading Up 4.4 %

EFXT stock opened at $8.34 on Friday. The company has a market capitalization of $1.03 billion, a PE ratio of -13.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.27 and a quick ratio of 0.93. Enerflex has a 12 month low of $4.01 and a 12 month high of $8.48. The firm’s 50-day moving average is $6.43 and its 200 day moving average is $5.75.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be issued a $0.0268 dividend. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date is Tuesday, November 26th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.29%. Enerflex’s payout ratio is presently -11.11%.

Institutional Investors Weigh In On Enerflex

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in Enerflex by 17,674.4% during the 2nd quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after acquiring an additional 15,200 shares in the last quarter. West Tower Group LLC purchased a new position in Enerflex in the third quarter valued at about $119,000. Fiera Capital Corp raised its holdings in Enerflex by 117.0% in the second quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock worth $134,000 after purchasing an additional 13,390 shares in the last quarter. Net Worth Advisory Group purchased a new stake in shares of Enerflex during the third quarter valued at about $146,000. Finally, Barclays PLC boosted its holdings in shares of Enerflex by 2,616,800.0% in the 3rd quarter. Barclays PLC now owns 26,169 shares of the company’s stock valued at $156,000 after buying an additional 26,168 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

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.