BMO Capital Markets Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Key Points

• BMO Capital Markets raised Enerflex's price target to C$16.00, suggesting a potential upside of 29.66% from its previous close.
• Other analysts, including TD Securities and ATB Capital, also increased their target prices, with ATB now setting it at C$19.00.
• Enerflex's stock currently has an average rating of "Moderate Buy" based on assessments from multiple analysts.

Enerflex (TSE:EFX - Free Report) had its price target boosted by BMO Capital Markets from C$15.00 to C$16.00 in a research report released on Friday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. ATB Capital raised their target price 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. TD Securities raised their target price on shares of Enerflex from C$15.00 to C$17.00 and gave the stock a "buy" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$16.88.

Enerflex Price Performance

Shares of TSE:EFX traded up C$0.20 during trading hours on Friday, hitting C$13.38. 82,693 shares of the company's stock traded hands, compared to its average volume of 498,263. Enerflex has a 52 week low of C$7.23 and a 52 week high of C$15.22. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The company's fifty day simple moving average is C$10.98 and its two-hundred day simple moving average is C$10.86. The company has a market cap of C$1.66 billion, a price-to-earnings ratio of -14.54 and a beta of 1.71.

Enerflex Announces Dividend

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

Insider Transactions at Enerflex

In other Enerflex news, Senior Officer Gregory Dean Stewart sold 10,130 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of C$10.80, for a total value of C$109,437.43. 0.49% of the stock is owned by company 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.