Analysts Set Enerflex Ltd. (TSE:EFX) PT at C$35.28

Shares of Enerflex Ltd. (TSE:EFX) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$35.28.

A number of equities research analysts recently issued reports on the stock. ATB Cormark Capital Markets upped their price objective on shares of Enerflex from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Raymond James Financial boosted their price target on Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets increased their price objective on Enerflex from C$39.00 to C$45.00 in a report on Friday, May 8th. National Bank Financial set a C$42.50 target price on Enerflex and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, Royal Bank Of Canada upped their target price on Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th.

Enerflex Stock Performance

TSE:EFX opened at C$32.17 on Wednesday. The stock’s 50 day moving average price is C$34.64 and its 200 day moving average price is C$30.74. Enerflex has a 52 week low of C$10.47 and a 52 week high of C$39.95. The company has a market capitalization of C$3.93 billion, a P/E ratio of 47.31 and a beta of 2.34. The company has a debt-to-equity ratio of 54.47, a quick ratio of 1.20 and a current ratio of 1.20.

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. The firm had revenue of C$811.93 million during the quarter. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. On average, research analysts forecast that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, June 3rd were paid a $0.0425 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a yield of 0.5%. Enerflex’s dividend payout ratio (DPR) is presently 16.98%.

Insider Transactions at Enerflex

In other news, insider Gurpreet (Preet) Singh Dhindsa bought 1,265 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of C$39.00 per share, for a total transaction of C$49,335.00. Following the acquisition, the insider directly owned 5,757 shares of the company’s stock, valued at C$224,523. The trade was a 28.16% increase in their position. In the last quarter, insiders have acquired 1,737 shares of company stock valued at $67,558. Company insiders own 0.49% of the company’s stock.

Enerflex Company Profile

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.