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

Enerflex Ltd. (TSE:EFX) has received an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$10.44.

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

Enerflex Stock Up 0.1 %

EFX stock opened at C$7.87 on Monday. The stock has a fifty day moving average of C$7.68 and a 200-day moving average of C$7.60. Enerflex has a fifty-two week low of C$5.44 and a fifty-two week high of C$8.75. The company has a market capitalization of C$976.27 million, a price-to-earnings ratio of -6.90 and a beta of 1.72. The company has a debt-to-equity ratio of 93.84, a quick ratio of 1.20 and a current ratio of 1.27.

Enerflex (TSE:EFX) last issued its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.08 by C($0.03). The business had revenue of C$840.09 million for the quarter, compared to the consensus estimate of C$761.73 million. Enerflex had a negative return on equity of 9.39% and a negative net margin of 4.30%. As a group, equities research analysts predict that Enerflex will post 0.7421954 earnings per share for the current year.

Enerflex Dividend Announcement

The firm also recently announced 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 1.27%. The ex-dividend date is Thursday, August 22nd. Enerflex’s dividend payout ratio is currently -8.77%.

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.