Raymond James Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its price target hoisted by Raymond James from C$12.00 to C$13.75 in a research report released on Friday,BayStreet.CA reports. Raymond James also issued estimates for Enerflex’s FY2025 earnings at $0.97 EPS.

Several other research firms also recently commented on EFX. TD Securities raised their target price on Enerflex from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets lifted their price objective on Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Finally, ATB Capital lowered their target price on shares of Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$12.34.

Enerflex Price Performance

TSE:EFX traded up C$0.48 during mid-day trading on Friday, hitting C$11.75. The company’s stock had a trading volume of 779,800 shares, compared to its average volume of 292,660. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84. The stock has a fifty day moving average of C$8.77 and a 200-day moving average of C$7.87. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of -10.22 and a beta of 1.71. Enerflex has a fifty-two week low of C$5.45 and a fifty-two week high of C$11.92.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 16th will be given a $0.0375 dividend. This represents a $0.15 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, November 26th. This is a boost from Enerflex’s previous quarterly dividend of $0.03. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

About Enerflex

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.