Enerflex Ltd. (TSE:EFX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Enerflex Ltd. (TSE:EFX) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$10.44.

Several brokerages have recently weighed in on EFX. ATB Capital cut their price objective on shares of Enerflex from C$12.50 to C$12.00 in a report on Wednesday, August 21st. BMO Capital Markets boosted their price objective on shares of Enerflex from C$10.00 to C$11.00 in a research note on Thursday, August 8th. National Bank Financial lowered Enerflex from a “strong-buy” rating to a “hold” rating in a research report on Sunday, June 2nd. TD Securities boosted their target price on Enerflex from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, National Bankshares lowered shares of Enerflex from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$10.00 to C$9.00 in a report on Monday, June 3rd.

Enerflex Stock Performance

Shares of EFX opened at C$8.02 on Monday. The company’s 50 day simple moving average is C$7.71 and its 200 day simple moving average is C$7.58. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27. The company has a market capitalization of C$994.88 million, a price-to-earnings ratio of -7.10 and a beta of 1.72. Enerflex has a 1 year low of C$5.44 and a 1 year high of C$8.75.

Enerflex (TSE:EFX) last announced its quarterly earnings data 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 analysts’ expectations of C$761.73 million. On average, sell-side analysts predict that Enerflex will post 0.7317518 EPS for the current year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.25%. Enerflex’s payout ratio is currently -8.85%.

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.