Enerflex (TSE:EFX) Price Target Raised to C$17.50

Enerflex (TSE:EFX) had its price objective increased by Desjardins from C$14.50 to C$17.50 in a research report report published on Monday,BayStreet.CA reports. Desjardins currently has a sector perform rating on the stock.

Several other brokerages have also recently issued reports on EFX. BMO Capital Markets raised their target price on shares of Enerflex from C$18.00 to C$20.00 in a report on Friday, October 10th. Raymond James Financial raised their target price on shares of Enerflex from C$17.75 to C$18.25 and gave the stock an “outperform” rating in a report on Friday, August 8th. TD Securities raised their target price on shares of Enerflex from C$17.00 to C$19.00 in a report on Tuesday, October 14th. ATB Capital raised their target price on shares of Enerflex from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada raised their target price on shares of Enerflex from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Enerflex presently has a consensus rating of “Moderate Buy” and an average target price of C$17.47.

Enerflex Stock Up 2.2%

Shares of TSE EFX opened at C$16.17 on Monday. Enerflex has a one year low of C$8.74 and a one year high of C$16.44. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The firm’s 50 day simple moving average is C$14.65 and its two-hundred day simple moving average is C$11.81. The stock has a market capitalization of C$2.01 billion, a P/E ratio of 15.55 and a beta of 2.37.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, September 2nd were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.15 dividend on an annualized basis and a yield of 0.9%. Enerflex’s dividend payout ratio (DPR) is presently 9.50%.

Enerflex Company Profile

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.