Enerflex Ltd. (TSE:EFX - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$13.86 and last traded at C$13.44, with a volume of 824339 shares trading hands. The stock had previously closed at C$13.01.
Analyst Ratings Changes
Several research firms have recently weighed in on EFX. BMO Capital Markets raised their target price on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. ATB Capital increased their price target on shares of Enerflex from C$15.00 to C$17.00 in a research note on Tuesday. Acumen Capital boosted their price objective on shares of Enerflex from C$12.00 to C$15.00 in a report on Friday, November 15th. Raymond James raised their target price on shares of Enerflex from C$12.00 to C$13.75 in a research report on Friday, November 15th. Finally, TD Securities increased their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$12.59.
View Our Latest Stock Analysis on Enerflex
Enerflex Price Performance
The company has a market capitalization of C$1.69 billion, a P/E ratio of -11.85 and a beta of 1.71. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The business has a 50 day simple moving average of C$10.26 and a 200-day simple moving average of C$8.41.
Enerflex Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be issued a dividend of $0.0375 per share. 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 1.10%. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex's payout ratio is presently -8.70%.
About Enerflex
(
Get Free Report)
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.
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