Enerflex Ltd. (TSE:EFX) Receives C$11.50 Consensus PT from Analysts

Shares of Enerflex Ltd. (TSE:EFX) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$11.50.

A number of research analysts have commented on the company. BMO Capital Markets increased their target price on Enerflex from C$10.00 to C$11.00 in a report on Tuesday, April 23rd. National Bank Financial upgraded shares of Enerflex from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, January 24th. National Bankshares raised shares of Enerflex from a “sector perform” rating to an “outperform” rating and set a C$10.00 target price on the stock in a report on Thursday, January 25th. CIBC lifted their price target on shares of Enerflex from C$8.00 to C$9.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Finally, ATB Capital increased their price objective on shares of Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st.

Enerflex Stock Up 3.4 %

Shares of TSE EFX opened at C$8.11 on Friday. The company has a debt-to-equity ratio of 94.38, a quick ratio of 1.20 and a current ratio of 1.25. Enerflex has a 1 year low of C$5.44 and a 1 year high of C$11.03. The stock’s 50-day simple moving average is C$7.98 and its 200-day simple moving average is C$6.81. The firm has a market cap of C$1.01 billion, a price-to-earnings ratio of -9.01 and a beta of 1.82.

Enerflex (TSE:EFX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.09 by C($0.21). Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. The business had revenue of C$782.21 million for the quarter, compared to analyst estimates of C$788.63 million. As a group, equities analysts anticipate that Enerflex will post 0.5956552 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

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 given a dividend of $0.025 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.10 annualized dividend and a dividend yield of 1.23%. Enerflex’s dividend payout ratio is presently -11.11%.

About Enerflex

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.