Enerflex (TSE:EFX) Price Target Raised to C$11.00 at BMO Capital Markets

Enerflex (TSE:EFX) had its price target boosted by BMO Capital Markets from C$10.00 to C$11.00 in a report published on Tuesday, BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. National Bank Financial raised Enerflex from a sector perform market weight rating to an outperform market weight rating in a research report on Wednesday, January 24th. ATB Capital boosted their price objective on Enerflex from C$12.00 to C$13.50 and gave the stock an outperform rating in a research note on Friday, March 1st. Stifel Nicolaus boosted their price objective on Enerflex from C$11.00 to C$13.00 and gave the stock a buy rating in a research note on Thursday, January 18th. CIBC boosted their target price on Enerflex from C$8.00 to C$9.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Finally, Raymond James upped their price objective on Enerflex from C$11.00 to C$11.50 and gave the company an outperform rating in a report on Friday, March 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$11.50.

Enerflex Stock Up 3.4 %

Enerflex stock opened at C$8.11 on Tuesday. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25. The stock has a fifty day moving average of C$7.96 and a 200 day moving average of C$6.78. The stock has a market cap of C$1.01 billion, a PE ratio of -9.01 and a beta of 1.82. Enerflex has a one year low of C$5.44 and a one year high of C$11.03.

Enerflex (TSE:EFX) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). The firm had revenue of C$782.21 million for the quarter, compared to the consensus estimate of C$788.63 million. Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. As a group, sell-side analysts predict that Enerflex will post 0.5956552 EPS for the current year.

Enerflex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.23%. Enerflex’s dividend payout ratio (DPR) is -11.11%.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.