Enerflex (TSE:EFX) Price Target Raised to C$24.00 at National Bankshares

Enerflex (TSE:EFX) had its price target boosted by National Bankshares from C$17.50 to C$24.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other research firms also recently issued reports on EFX. Desjardins lifted their price objective on Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a report on Monday, October 20th. Raymond James Financial raised their price target on shares of Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Friday. CIBC upped their price target on shares of Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a report on Friday. ATB Capital increased their price objective on shares of Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Securities raised their price objective on shares of Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a report on Friday. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.86.

Enerflex Stock Down 0.4%

Shares of TSE EFX traded down C$0.08 during midday trading on Friday, reaching C$18.81. 638,623 shares of the company’s stock were exchanged, compared to its average volume of 481,200. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. Enerflex has a 52-week low of C$8.74 and a 52-week high of C$19.40. The business’s fifty day moving average price is C$15.71 and its two-hundred day moving average price is C$12.54. The stock has a market capitalization of C$2.30 billion, a PE ratio of 18.09 and a beta of 2.28.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, December 1st will be paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.9%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date is Monday, November 17th. Enerflex’s dividend payout ratio (DPR) is 9.50%.

Enerflex Company Profile

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression.