Enerflex (TSE:EFX) Given New C$11.00 Price Target at BMO Capital Markets

Enerflex (TSE:EFX) had its price target boosted by BMO Capital Markets from C$10.00 to C$11.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

Several other research firms also recently commented on EFX. National Bank Financial upgraded Enerflex from a sector perform market weight rating to an outperform market weight rating in a research report on Wednesday, January 24th. National Bankshares raised Enerflex from a sector perform rating to an outperform rating and set a C$10.00 price objective for the company in a research note on Thursday, January 25th. CIBC raised their price objective on Enerflex from C$8.00 to C$9.00 and gave the company a neutral rating in a research note on Monday, April 22nd. ATB Capital raised their target price on Enerflex from C$12.00 to C$13.50 and gave the company an outperform rating in a report on Friday, March 1st. Finally, Raymond James lifted their price target on Enerflex from C$11.00 to C$11.50 and gave the stock an outperform rating in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of C$11.50.

Enerflex Trading Up 3.4 %

TSE:EFX opened at C$8.11 on Tuesday. The stock has a market capitalization of C$1.01 billion, a PE ratio of -9.01 and a beta of 1.82. The business’s 50-day simple moving average is C$7.96 and its 200-day simple moving average is C$6.78. The company has a debt-to-equity ratio of 94.38, a current ratio of 1.25 and a quick ratio of 1.20. Enerflex has a fifty-two week low of C$5.44 and a fifty-two week high of C$11.03.

Enerflex (TSE:EFX) last posted its earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$782.21 million for the quarter, compared to analyst estimates of C$788.63 million. Sell-side analysts expect that Enerflex will post 0.5956552 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, March 13th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, March 12th. Enerflex’s dividend payout ratio (DPR) is currently -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.