ATB Capital Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price target upped by ATB Capital from C$12.00 to C$15.00 in a research note released on Friday,BayStreet.CA reports.

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

Enerflex Trading Up 4.3 %

Shares of Enerflex stock opened at C$11.75 on Friday. The stock has a market capitalization of C$1.46 billion, a P/E ratio of -10.22 and a beta of 1.71. 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. The stock’s 50-day simple moving average is C$8.77 and its 200 day simple 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. Shareholders of record on Thursday, January 16th will be given a dividend of $0.0375 per share. This is a boost 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 of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) 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.