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

Enerflex (TSE:EFX - Free Report) had its price objective lifted by Raymond James from C$12.00 to C$13.75 in a report published on Friday morning,BayStreet.CA reports. Raymond James also issued estimates for Enerflex's FY2025 earnings at $0.97 EPS.

Several other research firms have also commented on EFX. TD Securities increased their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the company a "buy" rating in a research report on Friday. BMO Capital Markets increased their target price on Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Finally, ATB Capital dropped their price target on Enerflex from C$12.50 to C$12.00 in a research 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$12.34.

Enerflex Price Performance

TSE EFX traded up C$0.48 during trading hours on Friday, reaching C$11.75. The company's stock had a trading volume of 779,800 shares, compared to its average volume of 292,660. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The company's 50-day moving average is C$8.77 and its two-hundred day moving average is C$7.87. Enerflex has a fifty-two week low of C$5.45 and a fifty-two week high of C$11.92. The stock has a market cap of C$1.46 billion, a PE 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 paid a $0.0375 dividend. This is a boost from Enerflex's previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, November 26th. Enerflex's 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.