Enerflex (TSE:EFX) Lowered to Outperform Rating by Raymond James Financial

Raymond James Financial downgraded shares of Enerflex (TSE:EFX) from a strong-buy rating to an outperform rating in a report issued on Wednesday morning,BayStreet.CA reports. Raymond James Financial currently has C$26.00 target price on the stock.

Several other research firms have also recently commented on EFX. CIBC increased their price target on shares of Enerflex from C$11.50 to C$15.25 and gave the company a “neutral” rating in a research note on Friday, November 7th. ATB Capital set a C$26.00 target price on Enerflex and gave the company an “outperform” rating in a research note on Friday, December 19th. TD Securities upped their price target on Enerflex from C$19.00 to C$23.00 and gave the company a “buy” rating in a research note on Friday, November 7th. BMO Capital Markets lifted their price objective on Enerflex from C$20.00 to C$23.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada boosted their price objective on Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$21.47.

Enerflex Price Performance

Enerflex stock opened at C$23.72 on Wednesday. The business’s fifty day moving average is C$21.70 and its two-hundred day moving average is C$17.38. 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 firm has a market cap of C$2.89 billion, a P/E ratio of 21.56 and a beta of 2.41. Enerflex has a 52 week low of C$8.74 and a 52 week high of C$26.81.

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

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were issued a $0.0425 dividend. 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 annualized dividend and a dividend yield of 0.7%. Enerflex’s dividend payout ratio (DPR) is presently 9.77%.

Insider Transactions at Enerflex

In other Enerflex news, insider Paul Mahoney purchased 18,250 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were bought at an average price of C$13.70 per share, with a total value of C$250,025.00. Following the completion of the transaction, the insider directly owned 36,500 shares in the company, valued at C$500,050. This trade represents a 100.00% increase in their position. Insiders bought 19,302 shares of company stock valued at $271,627 over the last ninety days. 0.49% of the stock is currently owned by insiders.

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. Enerflex operates three business segments: the USA, Rest of World, and Canada.