Enerflex (TSE:EFX) Price Target Raised to C$19.00 at ATB Capital

Key Points

• ATB Capital has raised its price target for Enerflex (TSE:EFX) from C$16.50 to C$19.00, indicating a potential upside of 53.97% from the stock's previous close.
• Multiple analysts have issued mixed ratings for Enerflex; while ATB Capital maintains an "outperform" rating, BMO Capital reduced its target to C$14.00 and TD Securities lowered theirs to C$15.00.
• Enerflex's stock is currently trading at C$12.34, with a debt-to-equity ratio of 81.27 and an average rating of "Moderate Buy" based on analyst opinions.

Enerflex (TSE:EFX - Free Report) had its price target lifted by ATB Capital from C$16.50 to C$19.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also weighed in on EFX. TD Securities cut their price objective on shares of Enerflex from C$17.00 to C$15.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets cut their price objective on shares of Enerflex from C$15.00 to C$14.00 in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Enerflex currently has a consensus rating of "Moderate Buy" and an average price target of C$16.88.

Enerflex Price Performance

EFX traded up C$0.20 during midday trading on Friday, reaching C$13.38. 82,693 shares of the company's stock were exchanged, compared to its average volume of 498,263. The company has a debt-to-equity ratio of 81.27, a current ratio of 1.19 and a quick ratio of 1.20. The stock has a market capitalization of C$1.66 billion, a PE ratio of -14.54 and a beta of 1.71. The business's 50-day moving average price is C$10.98 and its 200 day moving average price is C$10.86. Enerflex has a 1-year low of C$7.23 and a 1-year high of C$15.22.

Enerflex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, September 2nd will be given a dividend of $0.0375 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $0.15 annualized dividend and a yield of 1.1%. Enerflex's dividend payout ratio is -10.86%.

Insider Buying and Selling

In related news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of C$10.80, for a total transaction of C$109,437.43. Company insiders own 0.49% of the company's stock.

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.