Enerflex Ltd. (TSE:EFX) Receives C$21.34 Consensus PT from Analysts

by · The Cerbat Gem

Shares of Enerflex Ltd. (TSE:EFX – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$21.34.

A number of equities analysts have recently commented on EFX shares. CIBC increased their price objective on shares of Enerflex from C$11.50 to C$15.25 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Royal Bank Of Canada upped their target price on Enerflex from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. National Bankshares increased their price target on Enerflex from C$17.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Friday, November 7th. BMO Capital Markets boosted their price target on Enerflex from C$20.00 to C$23.00 in a research report on Monday, November 10th. Finally, Raymond James Financial raised Enerflex from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from C$24.50 to C$25.00 in a report on Wednesday, December 10th.

Check Out Our Latest Stock Report on Enerflex

Enerflex Trading Down 0.6%

TSE:EFX opened at C$20.84 on Friday. The company has a market cap of C$2.54 billion, a P/E ratio of 18.95 and a beta of 2.28. Enerflex has a twelve month low of C$8.74 and a twelve month high of C$22.61. The business has a 50 day moving average price of C$20.01 and a two-hundred day moving average price of C$15.76. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27.

Enerflex (TSE:EFX – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.30 EPS for the quarter. Enerflex had a negative net margin of 3.72% and a negative return on equity of 8.76%. The business had revenue of C$1.08 billion for the quarter. As a group, analysts expect that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, December 1st were paid a $0.0425 dividend. This is an increase from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, November 17th. Enerflex’s dividend payout ratio is 9.77%.

Insider Activity at Enerflex

In other news, insider Paul Mahoney acquired 18,250 shares of the stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of C$13.70 per share, for a total transaction of C$250,025.00. Following the purchase, the insider directly owned 36,500 shares of the company’s stock, valued at approximately C$500,050. This trade represents a 100.00% increase in their ownership of the stock. 0.49% of the stock is currently owned by company insiders.

About Enerflex

(Get Free Report)

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.

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