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

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

Several other equities analysts have also weighed in on EFX. BMO Capital Markets raised their price objective on shares of Enerflex from C$10.00 to C$11.00 in a research report on Thursday, August 8th. Raymond James lifted their price target on shares of Enerflex from C$11.75 to C$12.00 in a research report on Tuesday, October 15th. Finally, ATB Capital cut their price objective on Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. 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, Enerflex has a consensus rating of “Moderate Buy” and a consensus target price of C$12.34.

Enerflex Price Performance

EFX stock traded up C$0.48 during trading hours on Friday, hitting C$11.75. 779,800 shares of the stock traded hands, compared to its average volume of 292,660. The stock has a 50-day simple moving average of C$8.77 and a 200 day simple moving average of C$7.87. The company has a market cap of C$1.46 billion, a P/E ratio of -10.22 and a beta of 1.71. Enerflex has a one year low of C$5.45 and a one year high of C$11.92. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 16th will be given a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 1.28%. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, November 26th. Enerflex’s 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.