Enerflex (TSE:EFX) Price Target Raised to C$9.00

Enerflex (TSE:EFX) had its target price upped by CIBC from C$8.00 to C$9.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

EFX has been the topic of a number of other reports. ATB Capital boosted their price target on shares of Enerflex from C$12.00 to C$13.50 and gave the stock an outperform rating in a report on Friday, March 1st. BMO Capital Markets raised shares of Enerflex from a market perform rating to an outperform rating and boosted their price target for the stock from C$8.00 to C$10.00 in a report on Thursday, February 29th. National Bank Financial raised shares of Enerflex from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, January 24th. National Bankshares raised shares of Enerflex from a sector perform rating to an outperform rating and set a C$10.00 price target on the stock in a report on Thursday, January 25th. Finally, Raymond James boosted their price target on shares of Enerflex from C$11.00 to C$11.50 and gave the stock an outperform rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$11.50.

Enerflex Stock Performance

TSE EFX opened at C$7.84 on Monday. Enerflex has a 1 year low of C$5.44 and a 1 year high of C$11.03. The company has a debt-to-equity ratio of 94.38, a current ratio of 1.25 and a quick ratio of 1.20. The firm has a market cap of C$971.85 million, a price-to-earnings ratio of -8.71 and a beta of 1.82. The company has a fifty day moving average price of C$7.94 and a 200-day moving average price of C$6.77.

Enerflex (TSE:EFX) last posted its earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.21). Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%. The firm had revenue of C$782.21 million during the quarter, compared to the consensus estimate of C$788.63 million. As a group, equities research analysts predict that Enerflex will post 0.5956552 EPS for the current fiscal year.

Enerflex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, March 12th. Enerflex’s dividend payout ratio (DPR) is presently -11.11%.

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.