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

Enerflex (TSE:EFX) had its price target increased by ATB Capital from C$12.00 to C$15.00 in a research note published on Friday,BayStreet.CA reports.

EFX has been the topic of several other reports. BMO Capital Markets increased their target price on shares of Enerflex from C$11.00 to C$15.00 in a report on Friday. Raymond James increased their price objective on shares of Enerflex from C$12.00 to C$13.75 in a research note on Friday. Finally, TD Securities boosted their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.34.

Enerflex Price Performance

Enerflex has a 1 year low of C$5.45 and a 1 year high of C$12.53. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The firm’s fifty day moving average price is C$8.77 and its two-hundred day moving average price is C$7.87. The company has a market cap of C$1.54 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be paid a $0.0375 dividend. The ex-dividend date is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a yield of ?. 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.