BMO Capital Markets Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its target price upped by BMO Capital Markets from C$11.00 to C$15.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

EFX has been the subject of several other reports. ATB Capital reduced their target price on Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. Raymond James upped their price objective on Enerflex from C$12.00 to C$13.75 in a research note on Friday. Finally, TD Securities lifted their target price on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$12.34.

Enerflex Price Performance

Enerflex has a 12-month low of C$5.45 and a 12-month high of C$12.53. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The firm’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 capitalization of C$1.54 billion, a price-to-earnings 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. Stockholders of record on Thursday, January 16th will be paid a $0.0375 dividend. This is an increase from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of ∞. Enerflex’s dividend payout ratio (DPR) is presently -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.