Brokerages Set Enerflex Ltd. (TSE:EFX) Price Target at C$10.50

Shares of Enerflex Ltd. (TSE:EFX) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$10.29.

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. ATB Capital reduced their price target on Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st. Raymond James upped their price target on Enerflex from C$11.75 to C$12.00 in a research report on Tuesday, October 15th. Finally, TD Securities boosted their price objective on shares of Enerflex from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Tuesday, October 8th.

Enerflex Stock Up 6.2 %

Shares of TSE:EFX opened at C$11.27 on Tuesday. Enerflex has a 1 year low of C$5.45 and a 1 year high of C$11.32. The business has a 50 day simple moving average of C$8.69 and a two-hundred day simple moving average of C$7.84. The firm has a market capitalization of C$1.40 billion, a PE ratio of -9.80 and a beta of 1.71. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20.

Enerflex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.89%. Enerflex’s dividend payout ratio 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.