Brokerages Set Enerflex Ltd. (TSE:EFX) PT at C$10.50

Enerflex Ltd. (TSE:EFX) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$12.34.

A number of equities analysts recently commented on the company. Raymond James raised their target price on Enerflex from C$12.00 to C$13.75 in a report on Friday. TD Securities increased their price target on Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets increased their price target on Enerflex from C$11.00 to C$15.00 in a research report on Friday. ATB Capital increased their price target on Enerflex from C$12.00 to C$15.00 in a research report on Friday. Finally, Acumen Capital increased their price target on Enerflex from C$12.00 to C$15.00 in a research report on Friday.

Enerflex Price Performance

The firm’s 50 day moving average price is C$8.77 and its 200-day moving average price is C$7.87. Enerflex has a twelve month low of C$5.45 and a twelve month high of C$12.53. The stock has a market cap of C$1.54 billion, a PE ratio of -10.22 and a beta of 1.71. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84.

Enerflex Increases Dividend

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

Enerflex Company Profile

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.