ATB Cormark Capital Markets Issues Positive Forecast for Enerflex (TSE:EFX) Stock Price

Enerflex (TSE:EFX) had its target price upped by ATB Cormark Capital Markets from C$46.00 to C$47.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on EFX. Royal Bank Of Canada upped their price target on Enerflex from C$26.00 to C$31.00 and gave the company an “outperform” rating in a report on Friday, May 8th. National Bank Financial set a C$42.50 price objective on Enerflex and gave the company an “outperform” rating in a report on Thursday, June 18th. BMO Capital Markets increased their target price on shares of Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. Finally, Raymond James Financial lifted their price objective on shares of Enerflex from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$35.28.

Enerflex Stock Down 1.1%

EFX stock traded down C$0.37 during midday trading on Friday, hitting C$33.77. The company’s stock had a trading volume of 562,520 shares, compared to its average volume of 699,605. Enerflex has a 52-week low of C$10.47 and a 52-week high of C$39.95. The firm has a market capitalization of C$4.12 billion, a P/E ratio of 49.66 and a beta of 2.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47. The firm has a 50-day simple moving average of C$35.47 and a 200-day simple moving average of C$29.83.

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

Enerflex Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is 16.98%.

Insider Buying and Selling at Enerflex

In related news, insider Gurpreet (Preet) Singh Dhindsa acquired 1,265 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of C$39.00 per share, for a total transaction of C$49,335.00. Following the transaction, the insider directly owned 5,757 shares of the company’s stock, valued at approximately C$224,523. This trade 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.