TD Securities Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price target boosted by TD Securities from C$17.00 to C$19.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

EFX has been the subject of several other reports. Royal Bank Of Canada boosted their target price on shares of Enerflex from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. BMO Capital Markets upped their price objective on shares of Enerflex from C$18.00 to C$20.00 in a report on Friday, October 10th. Raymond James Financial upped their price objective 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. Finally, ATB Capital upped their price objective on shares of Enerflex from C$16.50 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$17.46.

Enerflex Stock Performance

EFX stock opened at C$15.25 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The company has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 14.66 and a beta of 2.37. Enerflex has a 12 month low of C$8.74 and a 12 month high of C$16.44. The firm has a 50 day moving average of C$14.29 and a two-hundred day moving average of C$11.62.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, September 2nd were paid a dividend of $0.0375 per share. This represents a $0.15 annualized dividend and a yield of 1.0%. The ex-dividend date was Monday, August 18th. Enerflex’s dividend payout ratio is presently 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.