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

Enerflex (TSE:EFX) had its price target boosted by Raymond James from C$17.00 to C$17.75 in a research report report published on Friday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. BMO Capital Markets boosted their target price on Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. National Bankshares boosted their price objective on Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. Acumen Capital boosted their price objective on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. ATB Capital boosted their price objective on Enerflex from C$15.00 to C$17.00 in a research report on Tuesday, December 10th. Finally, TD Securities boosted their price objective on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$13.97.

Enerflex Price Performance

Enerflex stock opened at C$11.51 on Friday. The firm has a market capitalization of C$1.43 billion, a P/E ratio of -12.50 and a beta of 1.71. Enerflex has a 1 year low of C$6.30 and a 1 year high of C$15.22. The business has a 50-day moving average of C$13.84 and a 200-day moving average of C$11.12. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 24th will be paid a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, March 10th. Enerflex’s payout ratio is -10.86%.

Insider Buying and Selling at Enerflex

In other news, Director Joanne Linette Cox bought 2,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of C$13.65 per share, for a total transaction of C$34,115.00. In the last quarter, insiders have bought 2,920 shares of company stock worth $38,874. Corporate insiders own 0.49% of the company’s stock.

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.