Enerflex (TSE:EFX) Price Target Raised to C$17.00

Enerflex (TSE:EFX) had its target price boosted by ATB Capital from C$15.00 to C$17.00 in a report released on Tuesday morning,BayStreet.CA reports.

EFX has been the subject of several other research reports. TD Securities upped 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, November 15th. Raymond James increased their price target on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday, November 15th. Acumen Capital boosted their target price on Enerflex from C$12.00 to C$15.00 in a research report on Friday, November 15th. Finally, BMO Capital Markets boosted their price objective on shares of Enerflex from C$11.00 to C$15.00 in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$12.59.

Enerflex Trading Down 1.2 %

EFX opened at C$13.50 on Tuesday. The company has a 50-day simple moving average of C$10.59 and a 200 day simple moving average of C$8.52. 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 has a twelve month low of C$5.75 and a twelve month high of C$13.86. The stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of -11.74 and a beta of 1.71.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be given a dividend of $0.0375 per share. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, November 26th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.11%. Enerflex’s dividend payout ratio is currently -8.70%.

Insiders Place Their Bets

In other Enerflex news, Director Joanne Linette Cox purchased 2,500 shares of Enerflex stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of C$13.65 per share, for a total transaction of C$34,115.00. 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.