Enerflex Ltd. (TSE:EFX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Enerflex Ltd. (TSE:EFX) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$11.50.

EFX has been the subject of several research reports. CIBC upped their price target on shares of Enerflex from C$8.00 to C$9.00 and gave the company a “neutral” rating in a research report on Monday. ATB Capital upped their price objective on shares of Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Raymond James upped their price objective on shares of Enerflex from C$11.00 to C$11.50 and gave the stock an “outperform” rating in a research report on Friday, March 1st. National Bank Financial upgraded shares of Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, January 24th. Finally, National Bankshares upgraded shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 price objective for the company in a research report on Thursday, January 25th.

Enerflex Stock Up 0.1 %

EFX stock opened at C$7.84 on Friday. The company has a fifty day moving average price of C$7.94 and a 200 day moving average price of C$6.77. Enerflex has a 12 month low of C$5.44 and a 12 month high of C$11.03. The company has a market cap of C$971.85 million, a price-to-earnings ratio of -8.71 and a beta of 1.82. The company has a debt-to-equity ratio of 94.38, a current ratio of 1.25 and a quick ratio of 1.20.

Enerflex (TSE:EFX) last released its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C$0.09 by C($0.21). Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. The business had revenue of C$782.21 million during the quarter, compared to analysts’ expectations of C$788.63 million. Sell-side analysts expect that Enerflex will post 0.5956552 earnings per share for the current year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.025 per share. The ex-dividend date is Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.28%. Enerflex’s dividend payout ratio (DPR) is presently -11.11%.

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.