Raymond James Forecasts Strong Price Appreciation for Enerflex (TSE:EFX) Stock

Enerflex (TSE:EFX) had its target price upped by Raymond James from C$12.00 to C$13.75 in a research note published on Friday morning,BayStreet.CA reports. Raymond James also issued estimates for Enerflex’s FY2025 earnings at $0.97 EPS.

Other equities analysts also recently issued research reports about the company. ATB Capital dropped their price objective on Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. TD Securities upped their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets raised their price target on shares of Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$12.34.

Enerflex Price Performance

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 52 week low of C$5.45 and a 52 week high of C$12.53. The company has a 50 day moving average price of C$8.77 and a 200-day moving average price of C$7.87. The stock has a market capitalization of C$1.54 billion, a P/E ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be given a $0.0375 dividend. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 annualized dividend and a dividend yield of ?. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) is currently -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.