Enerflex Ltd. (TSE:EFX) Receives C$21.34 Consensus Target Price from Analysts

Enerflex Ltd. (TSE:EFX) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$21.34.

Several research firms recently weighed in on EFX. BMO Capital Markets increased their target price on shares of Enerflex from C$20.00 to C$23.00 in a research note on Monday, November 10th. Desjardins raised their price objective on Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a research report on Monday, October 20th. Raymond James Financial raised Enerflex from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from C$24.50 to C$25.00 in a report on Wednesday, December 10th. ATB Capital set a C$26.00 price objective on Enerflex and gave the company an “outperform” rating in a research report on Friday, December 19th. Finally, Royal Bank Of Canada raised their target price on Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th.

Insider Buying and Selling at Enerflex

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average price of C$13.70 per share, with a total value of C$250,025.00. Following the completion of the purchase, the insider directly owned 36,500 shares in the company, valued at C$500,050. The trade was a 100.00% increase in their position. In the last quarter, insiders have bought 19,302 shares of company stock worth $271,627. 0.49% of the stock is currently owned by insiders.

Enerflex Stock Up 2.2%

EFX opened at C$24.99 on Wednesday. Enerflex has a 1-year low of C$8.74 and a 1-year high of C$25.15. The business has a 50 day moving average of C$21.35 and a 200-day moving average of C$17.03. The stock has a market capitalization of C$3.04 billion, a price-to-earnings ratio of 22.72 and a beta of 2.28. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 81.27.

Enerflex (TSE:EFX) last released its 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 during the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. As a group, sell-side analysts anticipate that Enerflex will post 0.734413 earnings per share for the current year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s payout ratio is 9.77%.

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