Analysts Set Enerflex Ltd. (TSE:EFX) Price Target at C$12.34

Shares of Enerflex Ltd. (TSE:EFX) have earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$12.59.

EFX has been the topic of a number of research reports. Acumen Capital upped their target price on shares of Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. ATB Capital lifted their target price on Enerflex from C$15.00 to C$17.00 in a research note on Tuesday. TD Securities raised their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Raymond James upped their target price on Enerflex from C$12.00 to C$13.75 in a research note on Friday, November 15th. Finally, BMO Capital Markets upped their price target on shares of Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th.

Enerflex Price Performance

Shares of EFX stock opened at C$13.66 on Friday. Enerflex has a 52 week low of C$5.75 and a 52 week high of C$13.86. The stock has a market capitalization of C$1.69 billion, a PE ratio of -11.88 and a beta of 1.71. 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 fifty day moving average is C$10.48 and its 200-day moving average is C$8.49.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be given a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

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.