Enerflex Ltd (EFX) Receives Consensus Rating of “Buy” from Brokerages

Shares of Enerflex Ltd (TSE:EFX) have received an average recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$23.31.

Several research analysts have recently weighed in on EFX shares. National Bank Financial boosted their price target on Enerflex from C$18.50 to C$19.00 in a research note on Monday, November 20th. Royal Bank of Canada decreased their price target on Enerflex from C$24.00 to C$23.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. Finally, TD Securities restated a “buy” rating and issued a C$24.00 price target on shares of Enerflex in a research note on Monday, November 13th.

Enerflex (TSE EFX) traded down C$0.07 during trading on Friday, reaching C$15.11. The company’s stock had a trading volume of 117,000 shares, compared to its average volume of 230,255. Enerflex has a twelve month low of C$14.38 and a twelve month high of C$20.57. The company has a market capitalization of $1,340.00, a P/E ratio of 53.96 and a beta of 0.31.

Enerflex (TSE:EFX) last posted its quarterly earnings results on Thursday, November 9th. The company reported C$0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.33 by C($0.05). Enerflex had a return on equity of 8.97% and a net margin of 8.00%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, November 24th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a boost from Enerflex’s previous quarterly dividend of $0.09. Enerflex’s dividend payout ratio is 121.43%.

In other news, Director Jackson Maureen Ellen Cormier acquired 5,000 shares of Enerflex stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of C$15.35 per share, for a total transaction of C$76,750.00.

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About Enerflex

Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems.

Analyst Recommendations for Enerflex (TSE:EFX)

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