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

Shares of Enerflex Ltd. (TSE:EFX) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$35.16.

Several analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. National Bank Financial upgraded shares of Enerflex from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$31.50 to C$42.50 in a research note on Thursday, May 7th. Royal Bank Of Canada increased their price target on shares of Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. TD Securities increased their price target on shares of Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, ATB Cormark Capital Markets increased their price target on shares of Enerflex from C$42.00 to C$46.00 and gave the company an “outperform” rating in a research report on Friday, May 8th.

Enerflex Stock Performance

EFX opened at C$35.08 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 54.47. The company’s fifty day moving average price is C$33.39 and its two-hundred day moving average price is C$26.93. Enerflex has a 1-year low of C$9.58 and a 1-year high of C$39.95. The company has a market cap of C$4.27 billion, a price-to-earnings ratio of 51.59 and a beta of 2.28.

Enerflex (TSE:EFX) last posted its earnings results on Thursday, May 7th. The company reported C$0.49 earnings per share (EPS) for the quarter. Enerflex had a net margin of 3.31% and a return on equity of 7.72%. The firm had revenue of C$811.93 million during the quarter. On average, analysts expect that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd will be given a dividend of $0.0425 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.17 annualized dividend and a yield of 0.5%. Enerflex’s dividend payout ratio is presently 16.98%.

Insiders Place Their Bets

In related news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of Enerflex stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of C$39.00 per share, for a total transaction of C$49,335.00. Following the completion of the transaction, the insider owned 5,757 shares in the company, valued at C$224,523. This represents a 28.16% increase in their ownership of the stock. Insiders have bought a total of 1,737 shares of company stock worth $67,558 in the last three months. 0.49% of the stock is currently owned by corporate insiders.

About Enerflex

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.