Enerflex Ltd. (TSE:EFX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Enerflex Ltd. (TSE:EFX) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$35.66.

A number of analysts have weighed in on EFX shares. ATB Cormark Capital Markets increased their target price on shares of Enerflex from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Raymond James Financial upped their price objective on shares of Enerflex from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, National Bank Financial set a C$42.50 price objective on shares of Enerflex and gave the stock an “outperform” rating in a research report on Thursday, June 18th.

Enerflex Stock Up 0.2%

Shares of EFX opened at C$31.15 on Thursday. The stock’s 50-day moving average price is C$30.86 and its two-hundred day moving average price is C$32.13. Enerflex has a 12 month low of C$14.11 and a 12 month high of C$39.95. The company has a market capitalization of C$3.80 billion, a PE ratio of 70.80 and a beta of 2.04. The company has a current ratio of 1.19, a quick ratio of 1.20 and a debt-to-equity ratio of 51.03.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%.The company had revenue of C$826.90 million during the quarter. On average, analysts anticipate that Enerflex will post 0.734413 EPS for the current year.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.6%. This is an increase from Enerflex’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, August 19th. Enerflex’s payout ratio is currently 27.03%.

About Enerflex

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.