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

Shares of Enerflex Ltd. (TSE:EFX) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$35.16.

Several research firms have weighed in on EFX. National Bank Financial set a C$42.50 price objective on Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Raymond James Financial lifted their price objective on Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their price objective on Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets lifted their price objective on Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. Finally, TD Securities lifted their price objective on Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a research report on Friday, February 27th.

Insider Activity

In related news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of C$39.00 per share, with a total value of C$49,335.00. Following the transaction, the insider directly owned 5,757 shares in the company, valued at C$224,523. This trade represents a 28.16% increase in their position. Insiders have purchased 1,737 shares of company stock worth $67,558 in the last ninety days. 0.49% of the stock is currently owned by company insiders.

Enerflex Stock Performance

Enerflex stock opened at C$35.36 on Friday. The stock’s 50 day simple moving average is C$35.44 and its two-hundred day simple moving average is C$28.95. The company has a debt-to-equity ratio of 54.47, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of C$4.31 billion, a price-to-earnings ratio of 52.00 and a beta of 2.41. Enerflex has a fifty-two week low of C$10.47 and a fifty-two week high of C$39.95.

Enerflex (TSE:EFX) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.49 earnings per share for the quarter. The business had revenue of C$811.93 million for the quarter. Enerflex had a return on equity of 7.72% and a net margin of 3.63%. As a group, analysts expect that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Announces Dividend

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

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.