Enerflex Ltd. (TSE:EFX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Enerflex Ltd. (TSE:EFX – Get Rating) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$12.13.

A number of analysts recently issued reports on EFX shares. BMO Capital Markets lifted their target price on Enerflex from C$10.00 to C$12.00 in a research report on Tuesday, December 13th. Stifel Nicolaus boosted their price target on Enerflex from C$8.00 to C$9.00 in a research report on Monday, November 14th. Raymond James boosted their price target on Enerflex from C$13.00 to C$15.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 18th. Finally, Royal Bank of Canada boosted their price target on Enerflex from C$11.00 to C$12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 11th.

Enerflex Price Performance

TSE:EFX opened at C$8.41 on Friday. The company has a debt-to-equity ratio of 29.73, a quick ratio of 1.20 and a current ratio of 1.74. The stock’s 50-day simple moving average is C$8.24 and its 200 day simple moving average is C$6.90. The company has a market cap of C$1.04 billion and a P/E ratio of -34.47. Enerflex has a 52-week low of C$4.99 and a 52-week high of C$9.70.

Enerflex (TSE:EFX – Get Rating) last released its earnings results on Wednesday, November 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.05. The company had revenue of C$392.81 million during the quarter, compared to analyst estimates of C$375.83 million. As a group, sell-side analysts forecast that Enerflex will post 1.3469232 EPS for the current fiscal year.

Enerflex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Thursday, January 12th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, November 28th. Enerflex’s dividend payout ratio is presently -40.98%.

Insider Transactions at Enerflex

In other news, Director Kevin Jerome Reinhart acquired 10,000 shares of Enerflex stock in a transaction dated Friday, November 11th. The stock was bought at an average price of C$7.78 per share, for a total transaction of C$77,800.00. Following the completion of the acquisition, the director now directly owns 51,250 shares in the company, valued at approximately C$398,725.

Enerflex Company Profile

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Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutions, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, re-configuration, and re-packaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.