Enerflex (TSE:EFX) Given New C$12.00 Price Target at ATB Capital

Enerflex (TSE:EFX) had its price objective reduced by ATB Capital from C$12.50 to C$12.00 in a research report report published on Friday morning, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

Several other analysts also recently weighed in on the company. National Bank Financial downgraded Enerflex from a strong-buy rating to a hold rating in a report on Sunday, June 2nd. Raymond James reduced their price target on Enerflex from C$11.50 to C$11.00 in a research report on Thursday, May 9th. National Bankshares lowered Enerflex from an outperform rating to a sector perform rating and decreased their price objective for the company from C$10.00 to C$9.00 in a report on Monday, June 3rd. Stifel Nicolaus dropped their target price on Enerflex from C$13.00 to C$10.00 in a research note on Thursday, May 9th. Finally, BMO Capital Markets decreased their price target on Enerflex from C$11.00 to C$10.00 in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$10.25.

Enerflex Trading Up 1.9 %

Shares of EFX opened at C$7.38 on Friday. The firm has a market capitalization of C$915.05 million, a price-to-earnings ratio of -5.95 and a beta of 1.80. The company has a debt-to-equity ratio of 90.44, a current ratio of 1.16 and a quick ratio of 1.20. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$11.03. The company has a 50-day moving average of C$7.18 and a 200 day moving average of C$7.19.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Tuesday, May 7th. The company reported C($0.20) earnings per share for the quarter, missing the consensus estimate of C$0.13 by C($0.33). The company had revenue of C$860.11 million for the quarter, compared to the consensus estimate of C$780.57 million. Enerflex had a negative net margin of 4.65% and a negative return on equity of 10.12%. On average, research analysts expect that Enerflex will post 0.3211137 EPS for the current year.

Enerflex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Wednesday, May 22nd. Enerflex’s dividend payout ratio is presently -8.06%.

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.