Enerflex (TSE:EFX) Shares Up 14.1% - Still a Buy?

Key Points

• Enerflex shares jumped 14.1% to C$36.94, with trading volume 44% above average, after previously closing at C$32.38.
• Analyst sentiment remains positive: six analysts rate the stock a Buy and two rate it a Hold, while recent price targets range from C$42.50 to C$48.00. MarketBeat’s average target is C$35.66, however, below the current share price.
• Enerflex reported quarterly EPS of C$0.36 on C$826.9 million in revenue and raised its quarterly dividend to $0.045 per share, equivalent to a 0.5% annualized yield.

Shares of Enerflex Ltd. (TSE:EFX - Get Free Report) rose 14.1% during trading on Thursday. The company traded as high as C$38.27 and last traded at C$36.94. 1,050,729 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 730,987 shares. The stock had previously closed at C$32.38.

Analysts Set New Price Targets

A number of research analysts recently commented on EFX shares. Raymond James Financial upped their target price on Enerflex from C$47.00 to C$48.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. ATB Cormark Capital Markets boosted their price target on shares of Enerflex from C$46.00 to C$47.00 and gave the company an "outperform" rating in a report on Friday, July 10th. Finally, National Bank Financial set a C$42.50 price objective on shares of Enerflex and gave the company an "outperform" rating in a research note on Thursday, June 18th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$35.66.

Enerflex Price Performance

The company has a debt-to-equity ratio of 51.03, a quick ratio of 1.20 and a current ratio of 1.19. The firm has a market cap of C$4.37 billion, a P/E ratio of 81.32 and a beta of 2.04. The company has a 50-day moving average of C$30.46 and a 200 day moving average of C$32.40.

Enerflex (TSE:EFX - Get Free Report) last announced 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 firm had revenue of C$826.90 million for the quarter. On average, sell-side analysts anticipate that Enerflex Ltd. will post 0.734413 EPS for the current year.

Enerflex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were paid a dividend of $0.0450 per share. This is a positive change from Enerflex's previous quarterly dividend of $0.0425. This represents a $0.18 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, August 19th. 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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