Enerflex (NYSE:EFXT) Given New $12.00 Price Target at Royal Bank of Canada

Enerflex (NYSE:EFXT) had its price target hoisted by Royal Bank of Canada from $9.00 to $12.00 in a research note issued to investors on Friday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Enerflex Stock Performance

NYSE EFXT opened at $8.84 on Friday. The company has a 50-day simple moving average of $6.43 and a two-hundred day simple moving average of $5.75. Enerflex has a 12-month low of $4.01 and a 12-month high of $8.93. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -14.03 and a beta of 1.89. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 0.92.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Tuesday, November 26th will be given a dividend of $0.0268 per share. This represents a $0.11 annualized dividend and a yield of 1.21%. This is a positive change from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Tuesday, November 26th. Enerflex’s dividend payout ratio (DPR) is presently -11.11%.

Institutional Trading of Enerflex

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC grew its holdings in shares of Enerflex by 17,674.4% in the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock worth $81,000 after purchasing an additional 15,200 shares during the last quarter. West Tower Group LLC purchased a new stake in Enerflex during the 3rd quarter valued at $119,000. Net Worth Advisory Group bought a new stake in Enerflex in the 3rd quarter worth $146,000. Fiera Capital Corp increased its position in shares of Enerflex by 117.0% in the second quarter. Fiera Capital Corp now owns 24,830 shares of the company’s stock valued at $134,000 after acquiring an additional 13,390 shares during the period. Finally, Barclays PLC raised its stake in shares of Enerflex by 2,616,800.0% during the third quarter. Barclays PLC now owns 26,169 shares of the company’s stock valued at $156,000 after acquiring an additional 26,168 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

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.