Enerflex - EFX Stock Forecast, Price & News

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutions, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, re-configuration, and re-packaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities. It also offers after-market services, parts distribution, operations and maintenance solutions, equipment optimization and maintenance programs, manufacturer warranties, exchange components, long-term service agreements, and technical services. In addition, the company rents natural gas compressors totaling approximately 800,000 horsepower. It serves small to large independent producers, integrated oil and natural gas companies, midstream and petrochemical companies, power generation companies, users of natural gas-fired electric power, and carbon capture players in Canada, the United States, Argentina, Bolivia, Brazil, Colombia, Mexico, the United Kingdom, Bahrain Kuwait, Oman, the United Arab Emirates, Australia, New Zealand, Indonesia, Malaysia, and Thailand. Enerflex Ltd. was founded in 1980 and is headquartered in Calgary, Canada.

Enerflex Trading Up 1.7 %

EFX opened at C$6.40 on Friday. The stock has a market capitalization of C$573.95 million and a PE ratio of -26.23. The firm's fifty day moving average price is C$6.12 and its 200 day moving average price is C$7.39. The company has a debt-to-equity ratio of 29.33, a current ratio of 1.86 and a quick ratio of 1.33. Enerflex has a 12-month low of C$4.99 and a 12-month high of C$11.12.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Thursday, October 6th will be issued a $0.025 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.10 annualized dividend and a yield of 1.56%. Enerflex's dividend payout ratio is presently -36.89%.

Wall Street Analyst Weigh In

EFX has been the subject of several research reports. Raymond James decreased their price objective on shares of Enerflex from C$14.00 to C$13.00 and set a "strong-buy" rating for the company in a research note on Monday, July 11th. BMO Capital Markets upped their target price on shares of Enerflex from C$9.00 to C$10.00 in a research note on Thursday. TD Securities upped their target price on shares of Enerflex from C$15.00 to C$16.00 and gave the company a "buy" rating in a research note on Thursday, May 5th. Finally, ATB Capital decreased their target price on shares of Enerflex from C$12.50 to C$12.25 and set a "buy" rating for the company in a research note on Friday, May 6th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$11.31.