Enerflex (TSE:EFX) Price Target Raised to C$24.50

Enerflex (TSE:EFX) had its price target lifted by Raymond James Financial from C$24.00 to C$24.50 in a research note issued to investors on Tuesday morning,BayStreet.CA reports.

EFX has been the topic of several other research reports. ATB Capital lifted their price objective on shares of Enerflex from C$19.50 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Royal Bank Of Canada increased their target price on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. National Bankshares boosted their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. TD Securities upped their price objective on shares of Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, BMO Capital Markets lifted their target price on Enerflex from C$20.00 to C$23.00 in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Enerflex presently has an average rating of “Moderate Buy” and a consensus price target of C$20.97.

Enerflex Stock Up 1.2%

Shares of Enerflex stock opened at C$21.85 on Tuesday. The business has a fifty day simple moving average of C$17.96 and a 200 day simple moving average of C$14.20. The stock has a market cap of C$2.66 billion, a PE ratio of 19.86 and a beta of 2.16. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. Enerflex has a 12 month low of C$8.74 and a 12 month high of C$21.92.

Enerflex (TSE:EFX) last issued its earnings results on Thursday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. The firm had revenue of C$1.08 billion for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%. Research analysts predict that Enerflex will post 0.734413 EPS for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, December 1st were paid a $0.0425 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.17 annualized dividend and a dividend yield of 0.8%. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio (DPR) is 9.77%.

Insider Buying and Selling at Enerflex

In other news, insider Paul Mahoney acquired 18,250 shares of Enerflex stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of C$13.70 per share, with a total value of C$250,025.00. Following the completion of the transaction, the insider directly owned 36,500 shares of the company’s stock, valued at approximately C$500,050. This represents a 100.00% increase in their ownership of the stock. 0.49% of the stock is owned by corporate insiders.

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.