Enerflex (TSE:EFX) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Enerflex (TSE:EFX) had its price target boosted by BMO Capital Markets from C$11.00 to C$15.00 in a research note released on Friday,BayStreet.CA reports.

A number of other analysts have also commented on the company. TD Securities lifted their price target on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Friday. Raymond James lifted their target price on Enerflex from C$12.00 to C$13.75 in a research note on Friday. Finally, ATB Capital reduced their price target on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Enerflex currently has a consensus rating of “Moderate Buy” and an average price target of C$12.34.

Enerflex Stock Up 4.3 %

TSE:EFX traded up C$0.48 on Friday, hitting C$11.75. The stock had a trading volume of 779,800 shares, 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 firm’s fifty day simple moving average is C$8.77 and its two-hundred day simple moving average is C$7.87. 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 market cap of C$1.46 billion, a P/E ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be issued a $0.0375 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This is an increase from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a yield of 1.28%. Enerflex’s dividend payout ratio (DPR) 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.