Raymond James Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

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

EFX has been the topic of a number of other research reports. TD Securities raised their price objective 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. ATB Capital lowered their price target on Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Finally, BMO Capital Markets upped their price objective on Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$12.34.

Enerflex Stock Performance

Shares of EFX opened at C$11.75 on Friday. The firm has a market capitalization of C$1.46 billion, a PE ratio of -10.22 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 firm has a 50-day moving average price of C$8.77 and a 200 day moving average price of C$7.87. Enerflex has a 52-week low of C$5.45 and a 52-week high of C$11.92.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 1.28%. 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 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.