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

Enerflex Ltd. (TSE:EFX) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$10.67.

Several research analysts have issued reports on the stock. BMO Capital Markets raised their price objective on shares of Enerflex from C$10.00 to C$11.00 in a research report on Thursday, August 8th. ATB Capital lowered their price target on Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. Raymond James upped their price objective on Enerflex from C$11.75 to C$12.00 in a research note on Tuesday. Finally, TD Securities lifted their target price on Enerflex from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th.

Enerflex Stock Performance

Shares of EFX opened at C$8.98 on Friday. The company has a market capitalization of C$1.11 billion, a price-to-earnings ratio of -7.81 and a beta of 1.71. Enerflex has a 52-week low of C$5.44 and a 52-week high of C$9.23. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The stock has a 50 day moving average price of C$8.04 and a 200 day moving average price of C$7.65.

Enerflex (TSE:EFX) last announced its quarterly 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). The company had revenue of C$840.09 million during the quarter, compared to analysts’ expectations of C$761.73 million. Enerflex had a negative net margin of 4.30% and a negative return on equity of 9.39%. Research analysts predict that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.025 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.10 annualized dividend and a yield of 1.11%. Enerflex’s dividend payout ratio (DPR) is currently -8.70%.

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.