Enerflex Ltd. (TSE:EFX) Receives C$20.19 Consensus PT from Analysts

Enerflex Ltd. (TSE:EFX) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$20.84.

A number of analysts recently weighed in on EFX shares. Desjardins increased their price target on shares of Enerflex from C$14.50 to C$17.50 and gave the company a “sector perform” rating in a research report on Monday, October 20th. CIBC increased their target price on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. Royal Bank Of Canada lifted their price target on shares of Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. National Bankshares boosted their price target on shares of Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a report on Friday, November 7th. Finally, BMO Capital Markets raised their price objective on Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th.

Enerflex Stock Up 2.6%

TSE EFX opened at C$18.66 on Friday. The stock has a market capitalization of C$2.32 billion, a P/E ratio of 16.96 and a beta of 2.28. Enerflex has a 52 week low of C$8.74 and a 52 week high of C$19.40. The company has a debt-to-equity ratio of 81.27, a quick ratio of 1.20 and a current ratio of 1.19. The stock has a fifty day moving average of C$16.18 and a 200-day moving average of C$12.93.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.30 earnings per share (EPS) for the quarter. The business had revenue of C$1.08 billion for the quarter. Enerflex had a negative return on equity of 8.76% and a negative net margin of 3.72%. On average, equities research analysts forecast that Enerflex will post 0.734413 EPS for the current year.

Enerflex Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, December 1st will be given a dividend of $0.0425 per share. This is an increase from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 17th. Enerflex’s payout ratio is 9.77%.

Insider Activity

In other Enerflex news, insider Paul Mahoney acquired 18,250 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of C$13.70 per share, for a total transaction of C$250,025.00. Following the transaction, the insider owned 36,500 shares of the company’s stock, valued at C$500,050. This trade represents a 100.00% increase in their ownership of the stock. Corporate insiders own 0.49% of the company’s stock.

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.