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

Shares of Enerflex Ltd. (TSE:EFX) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$20.84.

A number of equities analysts have commented on the stock. TD Securities upped their target price on shares of Enerflex from C$19.00 to C$23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. National Bankshares increased their price objective on Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a research note on Friday, November 7th. ATB Capital lifted their target price on Enerflex from C$19.50 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. CIBC upped their target price on Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, Royal Bank Of Canada raised their price target on Enerflex from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Friday, November 7th.

Enerflex Stock Performance

Shares of Enerflex stock opened at C$19.86 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The stock’s fifty day moving average is C$17.59 and its two-hundred day moving average is C$14.01. Enerflex has a 52 week low of C$8.74 and a 52 week high of C$20.08. The company has a market capitalization of C$2.42 billion, a PE ratio of 18.05 and a beta of 2.16.

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

Enerflex Increases Dividend

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

Insider Buying and Selling at Enerflex

In other Enerflex news, insider Paul Mahoney purchased 18,250 shares of the stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of C$13.70 per share, with a total value of C$250,025.00. Following the transaction, the insider owned 36,500 shares of the company’s stock, valued at approximately C$500,050. This trade represents a 100.00% increase in their ownership of the stock. Insiders own 0.49% of the company’s stock.

About Enerflex

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.