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

Enerflex Ltd. (TSE:EFX) has earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$10.67.

A number of equities research analysts have recently weighed in on EFX shares. ATB Capital reduced their price objective on shares of Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. BMO Capital Markets raised their price objective on shares of Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Raymond James raised their price objective on shares of Enerflex from C$11.75 to C$12.00 in a report on Tuesday, October 15th. Finally, TD Securities raised their price objective 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.

Enerflex Stock Performance

Shares of EFX stock opened at C$8.87 on Friday. 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 has a 52 week low of C$5.44 and a 52 week high of C$9.23. The stock has a market capitalization of C$1.10 billion, a PE ratio of -7.81 and a beta of 1.71. The firm has a 50 day moving average of C$8.11 and a two-hundred day moving average of C$7.67.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of C$761.73 million. On average, research analysts predict that Enerflex will post 0.734413 EPS 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 issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, August 22nd. Enerflex’s payout ratio is -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.