Enerflex Ltd. (TSE:EFX) Receives C$35.16 Consensus PT from Brokerages

Enerflex Ltd. (TSE:EFX) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$35.16.

A number of analysts have commented on the stock. BMO Capital Markets upped their price target on shares of Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. ATB Cormark Capital Markets lifted their price objective on Enerflex from C$42.00 to C$46.00 and gave the stock 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 stock an “outperform” rating in a research report on Friday, May 8th. National Bank Financial set a C$42.50 target price on Enerflex and gave the company an “outperform” rating in a research report on Thursday, June 18th. Finally, Raymond James Financial raised their target price on Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th.

Enerflex Stock Down 1.1%

Enerflex stock opened at C$32.37 on Friday. The firm has a market cap of C$3.94 billion, a price-to-earnings ratio of 47.60 and a beta of 2.41. Enerflex has a 52-week low of C$10.47 and a 52-week high of C$39.95. 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 firm has a 50 day moving average price of C$35.62 and a two-hundred day moving average price of C$29.40.

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

Enerflex Dividend Announcement

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

Insider Activity at Enerflex

In related news, insider Gurpreet (Preet) Singh Dhindsa acquired 1,265 shares of Enerflex stock in a transaction dated Friday, May 8th. The stock was bought at an average price 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 represents a 28.16% increase in their position. Over the last three months, insiders have purchased 1,737 shares of company stock worth $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.