Raymond James Increases Enerflex (TSE:EFX) Price Target to C$13.75

Enerflex (TSE:EFX) had its target price upped by Raymond James from C$12.00 to C$13.75 in a research report sent to investors on Friday morning,BayStreet.CA reports. Raymond James also issued estimates for Enerflex’s FY2025 earnings at $0.97 EPS.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets increased their price target on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. TD Securities increased their target price on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday. Finally, ATB Capital decreased their price target on Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Price Performance

The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. Enerflex has a 12 month low of C$5.45 and a 12 month high of C$12.53. The company has a 50-day moving average of C$8.77 and a two-hundred day moving average of C$7.87. The firm has a market capitalization of C$1.54 billion, a P/E ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of ∞. This is a boost 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 (DPR) is presently -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.