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

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

Several other research analysts have also recently weighed in on EFX. ATB Capital lowered their price objective on Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. TD Securities upped their price target on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research note on Friday. Finally, Raymond James lifted their price objective on shares of Enerflex from C$12.00 to C$13.75 in a research note on Friday. Three 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, the stock presently has an average rating of “Moderate Buy” and an average target price of C$12.34.

Enerflex Price Performance

Shares of TSE EFX opened at C$11.75 on Friday. The firm has a market cap of C$1.46 billion, a P/E ratio of -10.22 and a beta of 1.71. The business’s 50 day moving average is C$8.77 and its 200-day moving average is C$7.87. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. Enerflex has a 1-year low of C$5.45 and a 1-year high of C$11.92.

Enerflex Increases Dividend

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