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

Enerflex (TSE:EFX) had its target price hoisted by ATB Capital from C$12.00 to C$15.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

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

Enerflex Stock Up 4.3 %

Shares of TSE EFX traded up C$0.48 during mid-day trading on Friday, hitting C$11.75. 779,800 shares of the stock traded hands, compared to its average volume of 292,660. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71. The stock has a fifty day moving average price of C$8.77 and a 200-day moving average price of C$7.87. Enerflex has a 52 week low of C$5.45 and a 52 week high of C$11.92. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be issued a $0.0375 dividend. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Tuesday, November 26th. Enerflex’s payout ratio 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.