Stifel Nicolaus Cuts Enerflex (TSE:EFX) Price Target to C$10.00

Enerflex (TSE:EFX - Free Report) had its target price cut by Stifel Nicolaus from C$13.00 to C$10.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

A number of other analysts have also recently commented on EFX. Raymond James lowered their price target on Enerflex from C$11.50 to C$11.00 in a research report on Thursday. National Bankshares upgraded shares of Enerflex from a sector perform rating to an outperform rating and set a C$10.00 price target on the stock in a report on Thursday, January 25th. National Bank Financial raised shares of Enerflex from a sector perform market weight rating to an outperform market weight rating in a research report on Wednesday, January 24th. BMO Capital Markets cut their price objective on shares of Enerflex from C$11.00 to C$10.00 in a research note on Wednesday. Finally, CIBC raised their target price on shares of Enerflex from C$8.00 to C$9.00 and gave the stock a neutral rating in a report on Monday, April 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Enerflex has an average rating of Moderate Buy and an average target price of C$10.94.

Enerflex Trading Up 5.5 %

Shares of EFX traded up C$0.36 during trading hours on Thursday, reaching C$6.96. 959,943 shares of the company traded hands, compared to its average volume of 357,825. The firm has a market cap of C$862.76 million, a price-to-earnings ratio of -7.73 and a beta of 1.82. Enerflex has a 12-month low of C$5.44 and a 12-month high of C$11.03. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 94.38. The stock's fifty day moving average price is C$8.12 and its 200 day moving average price is C$6.91.

Enerflex (TSE:EFX - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing analysts' consensus estimates of C$0.09 by C($0.21). The company had revenue of C$782.21 million for the quarter, compared to analysts' expectations of C$788.63 million. Enerflex had a negative return on equity of 7.55% and a negative net margin of 3.51%. Sell-side analysts forecast that Enerflex will post 0.5247718 earnings per share for the current year.

Enerflex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, May 22nd. Enerflex's dividend payout ratio is currently -11.11%.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.