Enerflex (TSE:EFX) Given a C$26.00 Price Target at ATB Capital

ATB Capital set a C$26.00 price objective on Enerflex (TSE:EFX) in a report published on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on EFX. Raymond James Financial upgraded Enerflex from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from C$24.50 to C$25.00 in a report on Wednesday, December 10th. National Bankshares upped their price objective 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 Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Royal Bank Of Canada boosted their target price on shares of Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, TD Securities raised their price target 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. One research 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, Enerflex currently has an average rating of “Moderate Buy” and an average target price of C$21.34.

Enerflex Price Performance

TSE:EFX opened at C$20.70 on Friday. The company has a market cap of C$2.52 billion, a P/E ratio of 18.82 and a beta of 2.16. The firm’s fifty day moving average price is C$18.62 and its two-hundred day moving average price is C$14.67. Enerflex has a one year low of C$8.74 and a one year high of C$22.07. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20.

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

Enerflex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, December 1st were paid a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.8%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, November 17th. Enerflex’s payout ratio is presently 9.77%.

Insider Transactions at Enerflex

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

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.