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

Shares of Enerflex Ltd. (TSE:EFX) have received an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$10.44.

Several brokerages have commented on EFX. ATB Capital cut their target price on Enerflex from C$12.50 to C$12.00 in a research note on Wednesday, August 21st. National Bankshares cut Enerflex from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$10.00 to C$9.00 in a research report on Monday, June 3rd. TD Securities boosted their target price on Enerflex from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research 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. Finally, BMO Capital Markets boosted their price objective on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th.

Enerflex Price Performance

Shares of TSE:EFX opened at C$8.02 on Monday. The company has a market capitalization of C$994.88 million, a PE ratio of -7.10 and a beta of 1.72. The business has a fifty day moving average price of C$7.71 and a 200-day moving average price of C$7.59. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$8.75. 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 (TSE:EFX) last issued its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of C$761.73 million. As a group, equities analysts expect that Enerflex will post 0.7317518 EPS for the current fiscal year.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd will be issued a $0.025 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $0.10 dividend on an annualized basis and a yield of 1.25%. Enerflex’s dividend payout ratio is currently -8.85%.

Enerflex Company Profile

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.