Enerflex (TSE:EFX) Given New C$15.00 Price Target at TD Securities

Enerflex (TSE:EFX) had its price objective raised by TD Securities from C$12.00 to C$15.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on EFX. ATB Capital lowered their price objective on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Raymond James increased their price target on Enerflex from C$11.75 to C$12.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets boosted their price objective on Enerflex from C$10.00 to C$11.00 in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Enerflex has an average rating of “Moderate Buy” and a consensus price target of C$12.34.

Enerflex Stock Performance

EFX traded up C$0.48 during trading hours on Friday, hitting C$11.75. 779,800 shares of the stock were exchanged, compared to its average volume of 292,660. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. Enerflex has a 12 month low of C$5.45 and a 12 month high of C$11.92. The stock has a 50-day simple moving average of C$8.77 and a 200-day simple moving average of C$7.87. The stock has a market cap of C$1.46 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently declared 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 is a boost from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.15 annualized dividend and a dividend yield of 1.28%. Enerflex’s dividend payout ratio 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.