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

Shares of Enerflex Ltd. (TSE:EFX) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$10.44.

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

Enerflex Stock Performance

Shares of TSE EFX opened at C$8.02 on Monday. The company has a debt-to-equity ratio of 93.84, a current ratio of 1.27 and a quick ratio of 1.20. Enerflex has a 1 year low of C$5.44 and a 1 year high of C$8.75. The firm has a fifty day moving average price of C$7.71 and a 200-day moving average price of C$7.59. The stock has a market cap of C$994.88 million, a PE ratio of -7.10 and a beta of 1.72.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.03). Enerflex had a negative net margin of 4.30% and a negative return on equity of 9.39%. The business had revenue of C$840.09 million for the quarter, compared to the consensus estimate of C$761.73 million. Equities analysts anticipate that Enerflex will post 0.7317518 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The business also recently disclosed 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. This represents a $0.10 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, August 22nd. Enerflex’s payout ratio is -8.85%.

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.