Enerflex Ltd. (TSE:EFX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Enerflex Ltd. (TSE:EFX) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the company, 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 target among brokers that have issued a report on the stock in the last year is C$35.28.

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

Insider Buying and Selling at Enerflex

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

Enerflex Stock Up 4.2%

EFX stock opened at C$33.84 on Wednesday. The stock has a market cap of C$4.13 billion, a PE ratio of 49.76 and a beta of 2.34. The firm’s 50-day simple moving average is C$34.94 and its 200 day simple moving average is C$30.50. Enerflex has a fifty-two week low of C$10.47 and a fifty-two week high of C$39.95. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 54.47.

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. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. The firm had revenue of C$811.93 million during the quarter. As a group, sell-side 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. Stockholders 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 of this dividend was Wednesday, May 20th. Enerflex’s dividend payout ratio (DPR) is 16.98%.

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.