Enerflex (TSE:EFX) Price Target Cut to C$17.00 by Analysts at CIBC

Enerflex (TSE:EFX) had its price target lowered by CIBC from C$18.00 to C$17.00 in a research report released on Tuesday, BayStreet.CA reports.

Several other equities research analysts have also recently weighed in on EFX. National Bank Financial upgraded shares of Enerflex from a sector perform rating to an outperform rating and set a C$18.00 price objective for the company in a research report on Friday, November 8th. Royal Bank of Canada decreased their price objective on shares of Enerflex from C$25.00 to C$23.00 and set an outperform rating for the company in a research report on Monday, August 12th. BMO Capital Markets reduced their price target on shares of Enerflex from C$23.00 to C$18.00 in a report on Tuesday, September 10th. TD Securities upgraded shares of Enerflex from a hold rating to a buy rating and reduced their price target for the stock from C$19.00 to C$18.00 in a report on Wednesday, September 4th. Finally, Raymond James restated an outperform rating and issued a C$21.00 price target on shares of Enerflex in a report on Friday, November 8th.

Shares of EFX traded down C$0.04 during trading hours on Tuesday, hitting C$12.00. 305,727 shares of the stock were exchanged, compared to its average volume of 191,888. Enerflex has a fifty-two week low of C$10.05 and a fifty-two week high of C$20.38. The company has a debt-to-equity ratio of 31.68, a current ratio of 1.63 and a quick ratio of 1.17. The business has a 50-day moving average of C$11.06 and a 200-day moving average of C$14.53. The firm has a market capitalization of $976.60 million and a P/E ratio of 8.40.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, January 9th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 3.83%. This is a boost from Enerflex’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, November 20th. Enerflex’s dividend payout ratio (DPR) is presently 29.39%.

In related news, Senior Officer Marc Edward Rossiter purchased 20,000 shares of Enerflex stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of C$12.46 per share, for a total transaction of C$249,240.00. Following the completion of the acquisition, the insider now owns 50,000 shares of the company’s stock, valued at approximately C$623,100.

Enerflex Company Profile

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, 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; designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, and refrigeration and waste gas systems, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications.

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