Raymond James downgraded shares of Enerflex (TSE:EFX – Get Rating) from a strong-buy rating to an outperform rating in a report issued on Tuesday morning, BayStreet.CA reports. The firm currently has C$15.00 target price on the stock.
A number of other research firms have also commented on EFX. Royal Bank of Canada upped their price objective on shares of Enerflex from C$11.00 to C$12.00 and gave the company a sector perform rating in a research note on Friday, November 11th. BMO Capital Markets upped their price objective on shares of Enerflex from C$10.00 to C$12.00 in a research note on Tuesday, December 13th. Stifel Firstegy raised shares of Enerflex from a hold rating to a buy rating in a research note on Tuesday, January 17th. National Bankshares lowered shares of Enerflex from an outperform rating to a sector perform rating and set a C$10.75 price objective on the stock. in a research note on Tuesday, January 31st. Finally, Stifel Nicolaus raised shares of Enerflex from a hold rating to a buy rating and increased their target price for the stock from C$9.00 to C$14.50 in a research note on Wednesday, January 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$12.94.
Get Enerflex alerts:Enerflex Trading Down 1.1 %
Shares of TSE EFX opened at C$9.04 on Tuesday. The company has a debt-to-equity ratio of 29.73, a quick ratio of 1.20 and a current ratio of 1.74. Enerflex has a 52-week low of C$4.99 and a 52-week high of C$10.19. The firm has a 50 day moving average price of C$8.97 and a two-hundred day moving average price of C$7.50. The stock has a market cap of C$1.12 billion and a P/E 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 EPS for the quarter, meeting analysts' consensus estimates of C$0.05. The firm had revenue of C$392.81 million during the quarter, compared to the consensus estimate of C$375.83 million. As a group, equities analysts forecast that Enerflex will post 1.3469232 EPS for the current year.Enerflex Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 12th. Investors of record on Thursday, January 12th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, November 28th. This represents a $0.10 dividend on an annualized basis and a yield of 1.11%. Enerflex's dividend payout ratio (DPR) is presently -40.98%.
Insider Buying and Selling
In other news, Director Kevin Jerome Reinhart acquired 10,000 shares of the business's stock in a transaction dated Friday, November 11th. The stock was bought at an average cost of C$7.78 per share, for a total transaction of C$77,800.00. Following the completion of the transaction, the director now owns 51,250 shares of the company's stock, valued at 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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