Enerflex (TSE:EFX) Upgraded to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Enerflex (TSE:EFX) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other brokerages have also issued reports on EFX. BMO Capital Markets upped their price objective on shares of Enerflex from C$27.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. TD Securities upped their price objective on shares of Enerflex from C$28.00 to C$39.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Raymond James Financial upped their price objective on shares of Enerflex from C$34.00 to C$40.00 in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Enerflex currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.72.

Enerflex Trading Up 5.5%

Shares of EFX opened at C$38.74 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.20 and a debt-to-equity ratio of 64.41. Enerflex has a 12-month low of C$8.96 and a 12-month high of C$38.90. The firm has a 50-day moving average price of C$30.94 and a 200 day moving average price of C$24.62. The firm has a market capitalization of C$4.72 billion, a P/E ratio of 74.50 and a beta of 2.28.

Enerflex (TSE:EFX) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a net margin of 2.49% and a return on equity of 5.32%. The firm had revenue of C$821.97 million during the quarter. Sell-side analysts forecast that Enerflex will post 0.734413 EPS for the current year.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is 21.37%.

About Enerflex

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.