Shares of Enerflex Ltd. (TSE:EFX – Get Rating) have received an average rating of "Moderate Buy" from the ten research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$12.94.
A number of analysts recently weighed in on EFX shares. Stifel Nicolaus raised shares of Enerflex from a "hold" rating to a "buy" rating and upped their target price for the company from C$9.00 to C$14.50 in a research note on Wednesday, January 18th. National Bank Financial restated a "sector perform overweight" rating on shares of Enerflex in a research report on Monday, January 30th. Royal Bank of Canada boosted their price target on shares of Enerflex from C$11.00 to C$12.00 and gave the company a "sector perform" rating in a research report on Friday, November 11th. BMO Capital Markets boosted their price target on shares of Enerflex from C$10.00 to C$12.00 in a research report on Tuesday, December 13th. Finally, Stifel Firstegy upgraded shares of Enerflex from a "hold" rating to a "buy" rating in a research report on Tuesday, January 17th.
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Enerflex Stock Performance
TSE:EFX opened at C$9.04 on Wednesday. The firm's 50-day moving average is C$8.97 and its 200-day moving average is C$7.50. Enerflex has a 52-week low of C$4.99 and a 52-week high of C$10.19. The company has a debt-to-equity ratio of 29.73, a quick ratio of 1.20 and a current ratio of 1.74. The company has a market cap of C$1.12 billion and a price-to-earnings ratio of -37.05.
Enerflex (TSE:EFX – Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.05. The company had revenue of C$392.81 million for the quarter, compared to the consensus estimate of C$375.83 million. Equities research analysts anticipate that Enerflex will post 1.3469232 earnings per share for the current year.
Enerflex Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Thursday, January 12th were given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, November 28th. Enerflex's dividend payout ratio is -40.98%.
Insider Activity at Enerflex
In other news, Director Kevin Jerome Reinhart purchased 10,000 shares of the business's stock in a transaction on Friday, November 11th. The stock was purchased at an average price of C$7.78 per share, for a total transaction of C$77,800.00. Following the completion of the purchase, the director now directly owns 51,250 shares in the company, valued at approximately C$398,725.
About Enerflex
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Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, energy transition solutions, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, re-configuration, and re-packaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.
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