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

Shares of Enerflex Ltd. (TSE:EFX) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$10.44.

A number of brokerages have weighed in on EFX. National Bank Financial downgraded Enerflex from a “strong-buy” rating to a “hold” rating in a report on Sunday, June 2nd. BMO Capital Markets lifted their target price on Enerflex from C$10.00 to C$11.00 in a research report on Thursday, August 8th. National Bankshares lowered shares of Enerflex from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$10.00 to C$9.00 in a report on Monday, June 3rd. TD Securities upped their price objective on shares of Enerflex from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, ATB Capital cut their target price on shares of Enerflex from C$12.50 to C$12.00 in a research report on Wednesday, August 21st.

Enerflex Trading Up 0.1 %

Shares of EFX stock opened at C$7.87 on Monday. Enerflex has a 12-month low of C$5.44 and a 12-month high of C$8.75. The company has a market capitalization of C$976.27 million, a PE ratio of -6.90 and a beta of 1.72. The firm has a 50 day moving average price of C$7.68 and a two-hundred day moving average price of C$7.60. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84.

Enerflex (TSE:EFX) last posted its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.03). Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. The firm had revenue of C$840.09 million for the quarter, compared to analyst estimates of C$761.73 million. As a group, analysts predict that Enerflex will post 0.7421954 earnings per share for the current year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be paid a $0.025 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $0.10 annualized dividend and a dividend yield of 1.27%. Enerflex’s payout ratio is -8.77%.

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.