Enerflex Ltd. (TSE:EFX) Receives C$10.44 Average Target Price from Analysts

Enerflex Ltd. (TSE:EFXGet Free Report) has been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$10.44.

EFX has been the subject of several recent analyst reports. Raymond James decreased their price objective on shares of Enerflex from C$11.50 to C$11.00 in a report on Thursday, May 9th. ATB Capital boosted their price objective on Enerflex from C$12.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Friday, March 1st. BMO Capital Markets decreased their target price on Enerflex from C$11.00 to C$10.00 in a report on Wednesday, May 8th. Stifel Nicolaus lowered their price objective on shares of Enerflex from C$13.00 to C$10.00 in a research report on Thursday, May 9th. Finally, National Bank Financial cut Enerflex from a “strong-buy” rating to a “hold” rating in a research note on Sunday, June 2nd.

View Our Latest Stock Report on Enerflex

Enerflex Price Performance

Enerflex stock opened at C$6.70 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 90.44. Enerflex has a 52 week low of C$5.44 and a 52 week high of C$11.03. The firm’s 50-day simple moving average is C$7.33 and its 200 day simple moving average is C$7.13. The firm has a market capitalization of C$830.73 million, a PE ratio of -5.40 and a beta of 1.80.

Enerflex (TSE:EFXGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C($0.20) EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.33). The firm had revenue of C$860.11 million for the quarter, compared to analyst estimates of C$780.57 million. Enerflex had a negative return on equity of 10.12% and a negative net margin of 4.65%. On average, equities research analysts predict that Enerflex will post 0.3211137 EPS for the current fiscal year.

Enerflex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.49%. Enerflex’s payout ratio is presently -8.06%.

About Enerflex

(Get Free Report

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.

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Analyst Recommendations for Enerflex (TSE:EFX)

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