Enerflex Ltd. (TSE:EFX) Receives Average Rating of "Moderate Buy" from Analysts

Enerflex Ltd. (TSE:EFX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$10.67.

Several analysts have commented on EFX shares. ATB Capital lowered their price target on Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. BMO Capital Markets boosted their target price on Enerflex from C$10.00 to C$11.00 in a report on Thursday, August 8th. Raymond James boosted their target price on Enerflex from C$11.75 to C$12.00 in a report on Tuesday. Finally, TD Securities boosted their target price on Enerflex from C$11.00 to C$12.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th.

Enerflex Stock Performance

Shares of TSE EFX traded up C$0.08 during mid-day trading on Friday, hitting C$9.06. 243,314 shares of the company were exchanged, compared to its average volume of 287,568. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 93.84. The stock has a 50 day simple moving average of C$8.07 and a 200-day simple moving average of C$7.66. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$9.23. The firm has a market cap of C$1.12 billion, a price-to-earnings ratio of -7.88 and a beta of 1.71.

Enerflex (TSE:EFX - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing analysts' consensus estimates of C$0.08 by C($0.03). Enerflex had a negative net margin of 4.30% and a negative return on equity of 9.39%. The business had revenue of C$840.09 million during the quarter, compared to analyst estimates of C$761.73 million. On average, sell-side analysts forecast that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.10 dividend on an annualized basis and a yield of 1.10%. Enerflex's payout ratio is currently -8.70%.

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.