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

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

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

Enerflex Stock Performance

EFX traded up C$0.48 on Friday, reaching C$11.75. The stock had a trading volume of 779,800 shares, compared to its average volume of 292,660. The business’s 50-day moving average price is C$8.77 and its two-hundred day moving average price 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. Enerflex has a 12-month low of C$5.45 and a 12-month high of C$11.92. The company has a market cap of C$1.46 billion, a P/E ratio of -10.22 and a beta of 1.71.

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 16th will be given a $0.0375 dividend. The ex-dividend date is Tuesday, November 26th. This is a positive change from Enerflex’s previous quarterly dividend of $0.03. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.28%. Enerflex’s dividend payout ratio is -8.70%.

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.