Enerflex (TSE:EFX) Price Target Lowered to C$14.00 at BMO Capital Markets

Enerflex (TSE:EFX) had its price objective decreased by BMO Capital Markets from C$15.00 to C$14.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. TD Securities cut their target price on shares of Enerflex from C$17.00 to C$15.00 and set a “buy” rating for the company in a research note on Wednesday. National Bankshares upped their price objective on shares of Enerflex from C$11.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, December 19th. Finally, Raymond James increased their target price on shares of Enerflex from C$17.00 to C$17.75 in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$13.84.

Enerflex Stock Up 0.5 %

EFX stock opened at C$9.32 on Thursday. The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -10.12 and a beta of 1.71. The company has a 50-day moving average of C$10.95 and a two-hundred day moving average of C$11.74. Enerflex has a 52-week low of C$6.30 and a 52-week high of C$15.22. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 24th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.15 annualized dividend and a dividend yield of 1.61%. Enerflex’s dividend payout ratio (DPR) is presently -10.86%.

Insider Buying and Selling at Enerflex

In other news, Senior Officer Joseph Paul John Ladouceur purchased 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average cost of C$11.41 per share, with a total value of C$34,233.00. Insiders have purchased 6,200 shares of company stock worth $69,129 over the last three months. Company insiders own 0.49% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.