ATB Capital Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price target upped by ATB Capital from C$19.00 to C$19.50 in a research note published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

EFX has been the topic of a number of other research reports. Desjardins boosted their price objective on Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research note on Monday. Royal Bank Of Canada boosted their price objective on Enerflex from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Raymond James Financial raised their target price on shares of Enerflex from C$17.75 to C$18.25 and gave the stock an “outperform” rating in a report on Friday, August 8th. TD Securities raised their target price on shares of Enerflex from C$17.00 to C$19.00 in a report on Tuesday, October 14th. Finally, BMO Capital Markets raised their target price on shares of Enerflex from C$18.00 to C$20.00 in a report on Friday, October 10th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.53.

Enerflex Stock Up 4.3%

EFX opened at C$16.86 on Thursday. Enerflex has a one year low of C$8.74 and a one year high of C$16.97. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The stock’s fifty day moving average is C$14.73 and its 200-day moving average is C$11.86. The company has a market capitalization of C$2.09 billion, a PE ratio of 16.21 and a beta of 2.37.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, September 2nd were issued a dividend of $0.0375 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, August 18th. Enerflex’s dividend payout ratio (DPR) is presently 9.50%.

About Enerflex

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.