Enerflex (TSE:EFX) PT Lowered to C$12.00 at ATB Capital

Enerflex (TSE:EFX) had its price target decreased by ATB Capital from C$12.50 to C$12.00 in a research report released on Friday, BayStreet.CA reports. ATB Capital currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on EFX. CIBC reduced their target price on shares of Enerflex from C$6.55 to C$6.00 in a research note on Monday, May 13th. National Bank Financial lowered shares of Enerflex from a strong-buy rating to a hold rating in a research report on Sunday, June 2nd. Stifel Nicolaus lowered their target price on shares of Enerflex from C$13.00 to C$10.00 in a research note on Thursday, May 9th. Raymond James reduced their price objective on Enerflex from C$11.50 to C$11.00 in a research note on Thursday, May 9th. Finally, National Bankshares cut Enerflex from an outperform rating to a sector perform rating and decreased their price objective for the company from C$10.00 to C$9.00 in a report on Monday, June 3rd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Enerflex currently has an average rating of Moderate Buy and an average target price of C$10.25.

Enerflex Price Performance

TSE EFX opened at C$7.38 on Friday. Enerflex has a one year low of C$5.44 and a one year high of C$11.03. The company has a market capitalization of C$915.05 million, a price-to-earnings ratio of -5.95 and a beta of 1.80. The company has a debt-to-equity ratio of 90.44, a quick ratio of 1.20 and a current ratio of 1.16. The stock has a 50-day moving average of C$7.18 and a 200 day moving average of C$7.21.

Enerflex (TSE:EFX) last announced its quarterly earnings data 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). Enerflex had a negative net margin of 4.65% and a negative return on equity of 10.12%. The business had revenue of C$860.11 million during the quarter, compared to analysts’ expectations of C$780.57 million. On average, sell-side analysts forecast that Enerflex will post 0.3211137 EPS for the current year.

Enerflex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, July 11th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, May 22nd. Enerflex’s payout ratio is currently -8.06%.

Enerflex Company Profile

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.