Enerflex (TSE:EFX) Price Target Raised to C$11.00 at BMO Capital Markets

Enerflex (TSE:EFX) had its target price upped by BMO Capital Markets from C$10.00 to C$11.00 in a report released on Tuesday morning, BayStreet.CA reports.

Several other brokerages also recently issued reports on EFX. ATB Capital lifted their target price on Enerflex from C$12.00 to C$13.50 and gave the company an outperform rating in a research note on Friday, March 1st. CIBC lifted their target price on Enerflex from C$8.00 to C$9.00 and gave the company a neutral rating in a research note on Monday. Raymond James lifted their target price on Enerflex from C$11.00 to C$11.50 and gave the company an outperform rating in a research note on Friday, March 1st. National Bankshares raised Enerflex from a sector perform rating to an outperform rating and set a C$10.00 price objective on the stock in a research note on Thursday, January 25th. Finally, National Bank Financial raised Enerflex from a sector perform market weight rating to an outperform market weight rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$11.50.

Enerflex Stock Up 2.1 %

TSE EFX opened at C$7.93 on Tuesday. The stock’s 50-day moving average price is C$7.91 and its 200-day moving average price is C$6.76. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 94.38. Enerflex has a 52 week low of C$5.44 and a 52 week high of C$11.03. The company has a market capitalization of C$983.00 million, a P/E ratio of -8.81 and a beta of 1.82.

Enerflex (TSE:EFX) last issued its earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.21). The business had revenue of C$782.21 million for the quarter, compared to the consensus estimate of C$788.63 million. Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. On average, equities research analysts predict that Enerflex will post 0.5956552 earnings per share for the current year.

Enerflex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, March 13th will be given a $0.025 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $0.10 dividend on an annualized basis and a yield of 1.26%. Enerflex’s dividend payout ratio is presently -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.