Enerflex Ltd. (TSE:EFX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Enerflex Ltd. (TSE:EFX) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$35.16.

A number of research firms have recently weighed in on EFX. Raymond James Financial boosted their target price on Enerflex from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. National Bank Financial upgraded Enerflex from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$31.50 to C$42.50 in a research report on Thursday, May 7th. BMO Capital Markets boosted their target price on Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. TD Securities boosted their target price on Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada boosted their target price on Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th.

Enerflex Trading Up 1.2%

Shares of EFX opened at C$37.96 on Friday. The stock has a fifty day moving average price of C$31.62 and a two-hundred day moving average price of C$25.36. The company has a debt-to-equity ratio of 54.47, a quick ratio of 1.20 and a current ratio of 1.20. Enerflex has a 52-week low of C$9.32 and a 52-week high of C$39.95. The company has a market cap of C$4.62 billion, a price-to-earnings ratio of 55.82 and a beta of 2.28.

Enerflex (TSE:EFX) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a return on equity of 7.72% and a net margin of 3.31%.The firm had revenue of C$821.97 million during the quarter. Analysts predict that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.0425 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.4%. Enerflex’s payout ratio is presently 16.98%.

Insider Buying and Selling at Enerflex

In other news, insider Gurpreet (Preet) Singh Dhindsa bought 1,265 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of C$39.00 per share, for a total transaction of C$49,335.00. Following the completion of the transaction, the insider directly owned 5,757 shares in the company, valued at C$224,523. The trade was a 28.16% increase in their position. Insiders acquired a total of 1,737 shares of company stock worth $67,558 in the last ninety days. Insiders own 0.49% of the company’s stock.

Enerflex Company Profile

Enerflex Ltd engineers, designs, manufactures and provides aftermarket support for equipment, systems, and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. The company’s focus is gas compression, where it offers a range of applications and gas inlet streams, from low-horsepower/low-pressure applications such as a coal seam gas and solution gas vapor recovery units to high-horsepower, centralized field, or processing plant compression. Enerflex operates three business segments: the USA, Rest of World, and Canada.