Royal Bank Of Canada Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price objective upped by Royal Bank Of Canada from C$15.00 to C$17.00 in a research report sent to investors 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 the stock. BMO Capital Markets lifted their price target on shares of Enerflex from C$18.00 to C$20.00 in a research note on Friday, October 10th. ATB Capital increased their price objective on shares of Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a report on Friday. TD Securities boosted 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 note on Friday. Desjardins upped their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Finally, Raymond James Financial lifted their price objective on Enerflex from C$20.00 to C$24.00 and gave the stock an “outperform” rating in a report on Friday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.86.

Enerflex Price Performance

TSE EFX traded down C$0.08 during trading hours on Friday, reaching C$18.81. The company’s stock had a trading volume of 638,623 shares, compared to its average volume of 481,200. The firm has a market capitalization of C$2.30 billion, a price-to-earnings ratio of 18.09 and a beta of 2.28. The company’s 50-day moving average is C$15.71 and its two-hundred day moving average is C$12.54. 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 has a 1-year low of C$8.74 and a 1-year high of C$19.40.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, December 1st will be paid a dividend of $0.0425 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.17 annualized dividend and a yield of 0.9%. This is a boost from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s dividend payout ratio is currently 9.50%.

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.