National Bankshares Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its price target raised by National Bankshares from C$11.00 to C$16.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts also recently issued research reports about the stock. 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. ATB Capital upped their price target on Enerflex from C$15.00 to C$17.00 in a report on Tuesday, December 10th. TD Securities raised their price objective on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BMO Capital Markets upped their target price on Enerflex from C$11.00 to C$15.00 in a research note on Friday, November 15th. Finally, Raymond James lifted their price target on shares of Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$13.47.

Enerflex Trading Down 0.7 %

Shares of EFX stock opened at C$13.46 on Thursday. The firm has a market capitalization of C$1.67 billion, a P/E ratio of -11.70 and a beta of 1.71. Enerflex has a 1 year low of C$5.78 and a 1 year high of C$14.13. The firm’s fifty day simple moving average is C$11.19 and its 200 day simple moving average is C$8.80. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s payout ratio is currently -8.70%.

Insider Buying and Selling

In other news, Director Joanne Linette Cox acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of C$13.65 per share, with a total value of C$34,115.00. 0.49% of the stock is currently owned by corporate insiders.

About Enerflex

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.