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

Enerflex (TSE:EFX) had its target price upped by Desjardins from C$14.50 to C$17.50 in a report released on Monday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

EFX has been the topic of several other research reports. BMO Capital Markets increased their price objective on shares of Enerflex from C$18.00 to C$20.00 in a research note on Friday, October 10th. Royal Bank Of Canada raised their price target on shares of Enerflex from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. TD Securities raised their price target on shares of Enerflex from C$17.00 to C$19.00 in a research note on Tuesday, October 14th. ATB Capital raised their price target on shares of Enerflex from C$16.50 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Raymond James Financial raised their price target on shares of Enerflex from C$17.75 to C$18.25 and gave the company an “outperform” rating in a research note on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$17.47.

Enerflex Price Performance

EFX opened at C$15.63 on Monday. The firm has a market cap of C$1.94 billion, a price-to-earnings ratio of 15.03 and a beta of 2.37. Enerflex has a fifty-two week low of C$8.74 and a fifty-two week high of C$16.44. The company’s 50-day moving average price is C$14.54 and its 200 day moving average price is C$11.75. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, September 2nd were issued a $0.0375 dividend. The ex-dividend date was Monday, August 18th. This represents a $0.15 annualized dividend and a dividend yield of 1.0%. Enerflex’s dividend payout ratio (DPR) is 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.