Enerflex Ltd. (TSE:EFX) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Enerflex has a “Moderate Buy” consensus rating from eight analysts, with six buys and two holds. The average 12-month price target is C$35.66.
• Shares opened at C$31.11 after trading up 4.0%, with a market capitalization of approximately C$3.80 billion and a 52-week range of C$12.92 to C$39.95.
• Enerflex reported quarterly earnings of C$0.36 per share on revenue of C$826.9 million and increased its quarterly dividend to C$0.045, equivalent to an annualized yield of about 0.6%.

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$35.66.

EFX has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price objective on shares of Enerflex from C$26.00 to C$31.00 and gave the company an "outperform" rating in a research report on Friday, May 8th. National Bank Financial set a C$42.50 target price on shares of Enerflex and gave the company an "outperform" rating in a research note on Thursday, June 18th. Raymond James Financial boosted their price target on shares of Enerflex from C$47.00 to C$48.00 and gave the company an "outperform" rating in a report on Friday, August 7th. BMO Capital Markets upped their price target on shares of Enerflex from C$39.00 to C$45.00 in a research note on Friday, May 8th. Finally, 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.

Enerflex Trading Up 4.0%

TSE:EFX opened at C$31.11 on Friday. The company has a debt-to-equity ratio of 51.03, a current ratio of 1.19 and a quick ratio of 1.20. Enerflex has a fifty-two week low of C$12.92 and a fifty-two week high of C$39.95. The stock's 50-day moving average is C$32.79 and its two-hundred day moving average is C$31.54. The stock has a market cap of C$3.80 billion, a PE ratio of 70.70 and a beta of 2.30.

Enerflex (TSE:EFX - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$826.90 million for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. As a group, equities research analysts forecast that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Increases Dividend

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

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.

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