Enerflex (TSE:EFX) Given New C$15.00 Price Target at TD Securities

Enerflex (TSE:EFX) had its target price increased by TD Securities from C$12.00 to C$15.00 in a research note published on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms have also weighed in on EFX. BMO Capital Markets increased their target price on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Raymond James increased their price objective on Enerflex from C$11.75 to C$12.00 in a report on Tuesday, October 15th. Finally, ATB Capital reduced their target price on Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Price Performance

The stock has a 50 day moving average of C$8.77 and a 200 day moving average of C$7.87. Enerflex has a 12 month low of C$5.45 and a 12 month high of C$12.53. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The stock has a market cap of C$1.54 billion, a PE ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

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