Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) hit a new 52-week high on Monday after Acumen Capital raised their price target on the stock from C$12.00 to C$15.00. The company traded as high as C$12.26 and last traded at C$12.20, with a volume of 50252 shares traded. The stock had previously closed at C$11.75.
A number of other research analysts also recently weighed in on EFX. Raymond James upped their target price on Enerflex from C$12.00 to C$13.75 in a report on Friday. TD Securities increased their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a "buy" rating in a report on Friday. ATB Capital raised their price objective on Enerflex from C$12.00 to C$15.00 in a research report on Friday. Finally, 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. 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 currently has an average rating of "Moderate Buy" and an average target price of C$12.34.
View Our Latest Stock Report on EFX
Enerflex Price Performance
The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The company has a market cap of C$1.54 billion, a P/E ratio of -10.22 and a beta of 1.71. The company's 50-day moving average is C$8.77 and its two-hundred day moving average is C$7.87.
Enerflex Increases Dividend
The firm 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. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of ∞. This is a positive change from Enerflex's previous quarterly dividend of $0.03. Enerflex's dividend payout ratio is presently -8.70%.
About Enerflex
(
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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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