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

Enerflex Ltd. (TSE:EFX) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$24.97.

A number of research analysts have recently issued reports on the company. ATB Cormark Capital Markets set a C$26.00 price target on Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. TD Securities boosted their price target on Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Raymond James Financial cut Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price objective for the company. in a research note on Wednesday, February 4th. Finally, BMO Capital Markets lifted their target price on Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th.

Enerflex Stock Up 0.8%

TSE:EFX opened at C$29.33 on Thursday. Enerflex has a 1-year low of C$8.74 and a 1-year high of C$32.64. The company has a 50-day moving average of C$25.93 and a 200 day moving average of C$20.62. The firm has a market cap of C$3.57 billion, a PE ratio of 56.40 and a beta of 2.36. The company has a debt-to-equity ratio of 64.41, a current ratio of 1.13 and a quick ratio of 1.20.

Enerflex (TSE:EFX) last posted its earnings results on Wednesday, February 25th. The company reported C$0.28 EPS for the quarter. Enerflex had a net margin of 1.56% and a return on equity of 4.22%. The business had revenue of C$821.97 million for the quarter. As a group, research analysts anticipate that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, March 11th. Enerflex’s dividend payout ratio (DPR) is 21.37%.

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.