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

Enerflex (TSE:EFX) had its price target boosted by Acumen Capital from C$12.00 to C$15.00 in a research note issued to investors on Friday,BayStreet.CA reports.

EFX has been the subject of a number of other reports. ATB Capital increased their price target on Enerflex from C$12.00 to C$15.00 in a research note on Friday. BMO Capital Markets lifted their target price on shares of Enerflex from C$11.00 to C$15.00 in a research note on Friday. Raymond James upped their price target on shares of Enerflex from C$12.00 to C$13.75 in a research note on Friday. Finally, TD Securities lifted their price objective on shares of Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$12.34.

Enerflex Stock Up 4.3 %

Shares of EFX stock traded up C$0.48 during trading hours on Friday, reaching C$11.75. 779,800 shares of the company’s stock were exchanged, compared to its average volume of 292,660. Enerflex has a fifty-two week low of C$5.45 and a fifty-two week high of C$11.92. The stock’s 50 day moving average is C$8.77 and its 200-day moving average is C$7.87. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be issued a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 1.28%. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, November 26th. Enerflex’s dividend payout ratio is presently -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.