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

Enerflex Ltd. (TSE:EFX) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$10.67.

Several analysts have issued reports on EFX shares. Raymond James upped their price target on shares of Enerflex from C$11.75 to C$12.00 in a report on Tuesday, October 15th. TD Securities upped their price target on shares of Enerflex from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. BMO Capital Markets upped their price target on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Finally, ATB Capital reduced their price target on shares of Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st.

Enerflex Stock Down 2.6 %

EFX stock opened at C$8.87 on Friday. The company has a market cap of C$1.10 billion, a P/E 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’s 50-day moving average price is C$8.11 and its 200 day moving average price is C$7.67. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 93.84.

Enerflex (TSE:EFX) last released its quarterly earnings data 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). The company had revenue of C$840.09 million for the quarter, compared to analysts’ expectations of C$761.73 million. Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. On average, research analysts expect that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were paid a $0.025 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.10 annualized dividend and a dividend yield of 1.13%. Enerflex’s dividend payout ratio (DPR) is presently -8.70%.

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.