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

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

A number of other research analysts have also weighed in on EFX. Raymond James upped their price objective on Enerflex from C$12.00 to C$13.75 in a report on Friday. TD Securities increased 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. BMO Capital Markets upped their target price on shares of Enerflex from C$11.00 to C$15.00 in a research report on Friday. Finally, ATB Capital lifted their price target on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Stock Performance

The stock has a market cap of C$1.54 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71. The firm has a fifty day simple moving average of C$8.77 and a 200 day simple moving average of C$7.87. Enerflex has a twelve month low of C$5.45 and a twelve 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.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of ∞. This is an increase from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend 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.