Enerflex Ltd. (TSE:EFX) Receives C$24.97 Consensus Target Price from Analysts

Shares of Enerflex Ltd. (TSE:EFX) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$24.97.

A number of research analysts recently issued reports on EFX shares. BMO Capital Markets boosted their price target on Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. ATB Cormark Capital Markets set a C$26.00 price objective on Enerflex and gave the stock an “outperform” rating in a research report on Friday, December 19th. TD Securities boosted their target price on Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Raymond James Financial downgraded Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 target price for the company. in a report on Wednesday, February 4th.

Enerflex Price Performance

EFX opened at C$28.86 on Thursday. The stock’s 50 day simple moving average is C$26.42 and its 200 day simple moving average is C$20.99. The company has a debt-to-equity ratio of 64.41, a current ratio of 1.13 and a quick ratio of 1.20. Enerflex has a 1 year low of C$8.74 and a 1 year high of C$32.64. The firm has a market cap of C$3.52 billion, a price-to-earnings ratio of 55.50 and a beta of 2.36.

Enerflex (TSE:EFX) last announced its quarterly earnings results on Wednesday, February 25th. The company reported C$0.28 earnings per share for the quarter. The business had revenue of C$821.97 million during the quarter. Enerflex had a net margin of 1.56% and a return on equity of 4.22%. As a group, analysts predict that Enerflex will post 0.734413 earnings per share for the current year.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th will be issued a $0.0425 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.17 annualized dividend and a yield of 0.6%. Enerflex’s dividend payout ratio is 21.37%.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.