ATB Capital Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price objective upped by ATB Capital from C$12.00 to C$15.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Several other analysts have also commented on EFX. BMO Capital Markets lifted their price objective on Enerflex from C$11.00 to C$15.00 in a report on Friday. TD Securities increased their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Raymond James increased their price target on shares of Enerflex from C$12.00 to C$13.75 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$12.34.

Enerflex Stock Performance

Shares of EFX traded up C$0.48 during mid-day trading on Friday, hitting C$11.75. 779,800 shares of the company traded hands, compared to its average volume of 292,660. Enerflex has a 1 year low of C$5.45 and a 1 year high of C$11.92. 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 has a 50-day moving average price of C$8.77 and a two-hundred day moving average price 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 company also recently disclosed 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. The ex-dividend date is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.28%. Enerflex’s dividend payout ratio is -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.