Enerflex (TSE:EFX) Raised to Buy at Stifel Firstegy

Stifel Firstegy upgraded shares of Enerflex (TSE:EFXGet Rating) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, PriceTargets.com reports. Stifel Firstegy also issued estimates for Enerflex’s FY2024 earnings at $1.76 EPS.

Several other brokerages have also issued reports on EFX. Raymond James raised their target price on shares of Enerflex from C$13.00 to C$15.00 and gave the company a strong-buy rating in a research note on Friday, November 18th. CIBC raised their target price on shares of Enerflex from C$10.00 to C$11.00 in a report on Tuesday. Stifel Nicolaus upgraded shares of Enerflex from a hold rating to a buy rating and raised their target price for the stock from C$9.00 to C$14.50 in a report on Wednesday. BMO Capital Markets lifted their price objective on shares of Enerflex from C$10.00 to C$12.00 in a report on Tuesday, December 13th. Finally, Royal Bank of Canada raised their target price on shares of Enerflex from C$11.00 to C$12.00 and gave the company a sector perform rating in a research note on Friday, November 11th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$12.94.

Enerflex Price Performance

TSE:EFX opened at C$9.95 on Tuesday. Enerflex has a one year low of C$4.99 and a one year high of C$10.07. The stock has a market cap of C$1.23 billion and a P/E ratio of -40.78. The company has a debt-to-equity ratio of 29.73, a current ratio of 1.74 and a quick ratio of 1.20. The company has a fifty day moving average price of C$8.63 and a 200 day moving average price of C$7.11.

Enerflex (TSE:EFXGet Rating) last announced its earnings results on Wednesday, November 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.05. The firm had revenue of C$392.81 million for the quarter, compared to analyst estimates of C$375.83 million. Analysts anticipate that Enerflex will post 1.3469232 earnings per share for the current year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Thursday, January 12th were given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Monday, November 28th. Enerflex’s payout ratio is currently -40.98%.

Insider Activity at Enerflex

In other Enerflex news, Director Kevin Jerome Reinhart bought 10,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was purchased at an average cost of C$7.78 per share, with a total value of C$77,800.00. Following the transaction, 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.

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Analyst Recommendations for Enerflex (TSE:EFX)

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