Enerflex (TSE:EFX) Given New C$15.00 Price Target at BMO Capital Markets

Enerflex (TSE:EFX) had its target price raised by BMO Capital Markets from C$11.00 to C$15.00 in a report published on Friday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. ATB Capital cut their price target on Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. Raymond James raised their price target on shares of Enerflex from C$12.00 to C$13.75 in a report on Friday. Finally, 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 report on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$12.34.

Enerflex Price Performance

Enerflex has a 52 week low of C$5.45 and a 52 week high of C$12.53. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. The company has a 50-day simple moving average of C$8.77 and a 200-day simple moving average of C$7.87. The firm has a market cap of C$1.54 billion, a P/E ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.0375 per share. 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 dividend yield of ∞. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) is currently -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.