Enerflex Ltd. (EFX.TO) – What Are Researchers Thinking About This Stock?

Enerflex Ltd. (TSE:EFX) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation 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$37.69.

A number of equities analysts have recently issued reports on EFX shares. National Bank Financial set a C$42.50 target price on Enerflex and gave the stock an “outperform” rating in a report on Thursday, June 18th. ATB Cormark Capital Markets raised their target price on shares of Enerflex from C$47.00 to C$52.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Raymond James Financial boosted their price objective on Enerflex from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, October 2nd. Finally, Acumen Capital increased their price target on Enerflex from C$42.00 to C$48.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd.

Enerflex Price Performance

Shares of TSE:EFX opened at C$34.26 on Monday. The firm has a market capitalization of C$4.18 billion, a P/E ratio of 77.86 and a beta of 1.87. Enerflex has a 52 week low of C$14.86 and a 52 week high of C$39.95. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03. The firm’s 50 day moving average is C$30.93 and its two-hundred day moving average is C$32.66.

Enerflex (TSE:EFX) last released its earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$826.90 million for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. Analysts anticipate that Enerflex will post 0.73 earnings per share for the current year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were given a $0.0450 dividend. This is a boost from Enerflex’s previous quarterly dividend of $0.0425. This represents a $0.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, August 19th. Enerflex’s dividend payout ratio (DPR) is presently 27.03%.

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.