Enerflex Ltd. (TSE:EFX) Receives C$24.97 Consensus Target Price from Analysts

Enerflex Ltd. (TSE:EFX) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$24.97.

A number of research firms have issued reports on EFX. TD Securities increased their target price on shares of Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, February 27th. BMO Capital Markets increased their price objective on Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Raymond James Financial lowered Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 target price for the company. in a report on Wednesday, February 4th. Finally, ATB Cormark Capital Markets set a C$26.00 target price on Enerflex and gave the stock an “outperform” rating in a research note on Friday, December 19th.

Enerflex Price Performance

EFX opened at C$29.30 on Thursday. The stock has a market cap of C$3.57 billion, a P/E ratio of 56.35 and a beta of 2.36. The company has a quick ratio of 1.20, a current ratio of 1.13 and a debt-to-equity ratio of 64.41. The business has a fifty day moving average of C$26.27 and a 200 day moving average of C$20.84. Enerflex has a 52-week low of C$8.74 and a 52-week high of C$32.64.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Wednesday, February 25th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a net margin of 1.56% and a return on equity of 4.22%. The company had revenue of C$821.97 million for the quarter. As a group, sell-side analysts anticipate that Enerflex will post 0.734413 EPS for the current year.

Enerflex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 25th will be paid a $0.0425 dividend. This represents a $0.17 annualized dividend and a yield of 0.6%. The ex-dividend date is Wednesday, March 11th. Enerflex’s dividend payout ratio is currently 21.37%.

About Enerflex

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.