Raymond James Financial Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its target price increased by Raymond James Financial from C$24.00 to C$24.50 in a report released on Tuesday morning,BayStreet.CA reports.

Other analysts have also issued research reports about the company. National Bankshares upped their target price on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. CIBC increased their price objective on shares of Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research note on Friday, November 7th. Desjardins raised their target price on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a report on Monday, October 20th. TD Securities lifted their target price on shares of Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, ATB Capital increased their price target on shares of Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Enerflex has an average rating of “Moderate Buy” and an average price target of C$20.91.

Enerflex Trading Up 6.4%

Shares of Enerflex stock opened at C$21.13 on Tuesday. Enerflex has a 12-month low of C$8.74 and a 12-month high of C$21.15. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27. The stock has a market cap of C$2.57 billion, a PE ratio of 19.21 and a beta of 2.16. The company has a 50-day moving average of C$17.71 and a two-hundred day moving average of C$14.09.

Enerflex (TSE:EFX) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.30 EPS for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%.The business had revenue of C$1.08 billion for the quarter. On average, research analysts anticipate that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.8%. This is an increase from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, November 17th. Enerflex’s dividend payout ratio (DPR) is 9.77%.

Insiders Place Their Bets

In other Enerflex news, insider Paul Mahoney purchased 18,250 shares of the business’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of C$13.70 per share, for a total transaction of C$250,025.00. Following the acquisition, the insider owned 36,500 shares of the company’s stock, valued at approximately C$500,050. The trade was a 100.00% increase in their position. Company insiders own 0.49% of the company’s stock.

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.