TD Securities Boosts Enerflex (TSE:EFX) Price Target to C$11.00

Enerflex (TSE:EFX) had its price target lifted by TD Securities from C$10.00 to C$11.00 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. CIBC dropped their price objective on shares of Enerflex from C$6.55 to C$6.00 in a report on Monday, May 13th. National Bank Financial downgraded shares of Enerflex from a strong-buy rating to a hold rating in a research note on Sunday, June 2nd. BMO Capital Markets reduced their price objective on Enerflex from C$11.00 to C$10.00 in a research note on Wednesday, May 8th. Stifel Nicolaus dropped their price objective on Enerflex from C$13.00 to C$10.00 in a report on Thursday, May 9th. Finally, ATB Capital reduced their target price on Enerflex from C$12.50 to C$12.00 and set an outperform rating for the company in a report on Friday, June 28th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$10.44.

Enerflex Trading Up 5.3 %

Shares of EFX traded up C$0.41 during midday trading on Thursday, hitting C$8.11. 460,671 shares of the stock were exchanged, compared to its average volume of 307,838. Enerflex has a 52-week low of C$5.44 and a 52-week high of C$10.25. 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 fifty day simple moving average of C$7.23 and a 200 day simple moving average of C$7.46. The firm has a market cap of C$1.01 billion, a P/E ratio of -6.21 and a beta of 1.80.

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

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd will be issued 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 of this dividend is Thursday, August 22nd. Enerflex’s dividend payout ratio is presently -8.06%.

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.