Enerflex Ltd. (TSE:EFX) Given Consensus Recommendation of “Moderate Buy” by Analysts

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

EFX has been the subject of a number of analyst reports. National Bankshares boosted their price target on Enerflex from C$17.50 to C$24.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Royal Bank Of Canada boosted 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. ATB Capital set a C$26.00 price target on Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. CIBC boosted 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. Finally, Desjardins upped their price objective on shares of Enerflex from C$14.50 to C$17.50 and gave the stock a “sector perform” rating in a report on Monday, October 20th.

Insiders Place Their Bets

In other Enerflex news, insider Paul Mahoney bought 18,250 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average price 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 in the company, valued at C$500,050. This trade represents a 100.00% increase in their ownership of the stock. In the last ninety days, insiders purchased 19,302 shares of company stock worth $271,627. 0.49% of the stock is owned by corporate insiders.

Enerflex Price Performance

TSE EFX opened at C$23.73 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.19 and a debt-to-equity ratio of 81.27. The stock has a market capitalization of C$2.89 billion, a PE ratio of 21.57 and a beta of 2.28. Enerflex has a 12-month low of C$8.74 and a 12-month high of C$23.73. The company has a 50 day moving average price of C$21.02 and a two-hundred day moving average price of C$16.83.

Enerflex (TSE:EFX) last announced its quarterly earnings results 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 company had revenue of C$1.08 billion for the quarter. As a group, equities analysts predict that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, December 1st were paid a $0.0425 dividend. The ex-dividend date was Monday, November 17th. This is a boost from Enerflex’s previous quarterly dividend of $0.04. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. Enerflex’s dividend payout ratio is presently 9.77%.

Enerflex Company Profile

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.