Enerflex Ltd. (TSE:EFX) Receives C$10.96 Consensus Price Target from Brokerages

Enerflex Ltd. (TSE:EFX) has received a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$10.96.

EFX has been the topic of several recent research reports. Raymond James raised Enerflex from a “market perform” rating to an “outperform” rating and set a C$9.25 price target on the stock in a report on Thursday, August 5th. Stifel Firstegy reissued a “buy” rating on shares of Enerflex in a report on Tuesday, June 8th. ATB Capital raised their price target on Enerflex from C$12.00 to C$13.00 in a report on Friday, August 6th. Finally, CIBC reissued a “neutral” rating and issued a C$10.00 price target on shares of Enerflex in a report on Thursday, August 5th.

Shares of EFX traded up C$0.03 during mid-day trading on Friday, hitting C$8.78. The stock had a trading volume of 94,405 shares, compared to its average volume of 274,354. The company has a market cap of C$787.38 million and a PE ratio of 15.68. The company’s fifty day simple moving average is C$7.76 and its two-hundred day simple moving average is C$8.06. The company has a quick ratio of 1.72, a current ratio of 2.60 and a debt-to-equity ratio of 29.19. Enerflex has a fifty-two week low of C$4.51 and a fifty-two week high of C$9.75.

Enerflex (TSE:EFX) last issued its earnings results on Wednesday, August 4th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). The firm had revenue of C$204.50 million during the quarter, compared to the consensus estimate of C$226.53 million. Equities analysts expect that Enerflex will post 0.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 7th. Shareholders of record on Thursday, October 7th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, August 18th. Enerflex’s payout ratio is currently 14.29%.

About Enerflex

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, 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, reconfiguration, and repackaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.

Featured Article: What is a management fee?

Analyst Recommendations for Enerflex (TSE:EFX)

Receive News & Ratings for Enerflex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerflex and related companies with MarketBeat.com's FREE daily email newsletter.