Enerflex Ltd. (TSE:EFX) Receives Average Rating of “Moderate Buy” from Brokerages

Enerflex Ltd. (TSE:EFX) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$35.16.

EFX has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on shares of Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets increased their target price on shares of Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. TD Securities increased their target price on shares of Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. National Bank Financial upgraded shares of Enerflex from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$31.50 to C$42.50 in a research report on Thursday, May 7th. Finally, Raymond James Financial increased their target price on shares of Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th.

Insider Activity

In other news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of C$39.00 per share, with a total value of C$49,335.00. Following the completion of the acquisition, the insider owned 5,757 shares in the company, valued at C$224,523. This represents a 28.16% increase in their position. Insiders have bought 1,737 shares of company stock valued at $67,558 over the last quarter. Corporate insiders own 0.49% of the company’s stock.

Enerflex Price Performance

Shares of TSE:EFX opened at C$35.08 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47. The firm has a market capitalization of C$4.27 billion, a PE ratio of 51.59 and a beta of 2.28. Enerflex has a twelve month low of C$9.58 and a twelve month high of C$39.95. The company has a 50-day moving average price of C$33.39 and a two-hundred day moving average price of C$26.93.

Enerflex (TSE:EFX) last issued its earnings results on Thursday, May 7th. The company reported C$0.49 earnings per share for the quarter. The firm had revenue of C$811.93 million during the quarter. Enerflex had a net margin of 3.31% and a return on equity of 7.72%. Equities analysts forecast that Enerflex will post 0.734413 EPS for the current year.

Enerflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, May 20th. Enerflex’s dividend payout ratio is presently 16.98%.

About Enerflex

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.