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

Enerflex (TSE:EFX - Free Report) had its price objective increased by ATB Capital from C$12.00 to C$15.00 in a research note released on Friday morning,BayStreet.CA reports.

A number of other equities analysts also recently commented on EFX. Raymond James lifted their price target on Enerflex from C$12.00 to C$13.75 in a research note on Friday. 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 report on Friday. Finally, BMO Capital Markets boosted their price target on Enerflex from C$11.00 to C$15.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Enerflex has a consensus rating of "Moderate Buy" and a consensus target price of C$12.34.

Enerflex Stock Up 4.3 %

TSE EFX traded up C$0.48 during trading hours on Friday, reaching C$11.75. 779,800 shares of the company traded hands, compared to its average volume of 292,660. The stock has a market capitalization of C$1.46 billion, a PE ratio of -10.22 and a beta of 1.71. The company has a current ratio of 1.27, a quick ratio of 1.20 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$11.92. The company has a 50 day moving average of C$8.77 and a two-hundred day moving average of C$7.87.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.28%. 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 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.