Analysts Set Enerflex Ltd. (TSE:EFX) Target Price at C$24.97

Shares of Enerflex Ltd. (TSE:EFX) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$24.97.

EFX has been the topic of a number of research reports. TD Securities boosted their target price on shares of Enerflex from C$28.00 to C$39.00 and gave the stock a “buy” rating in a report on Friday, February 27th. ATB Cormark Capital Markets set a C$26.00 price target on shares of Enerflex and gave the company an “outperform” rating in a report on Friday, December 19th. BMO Capital Markets lifted their price target on Enerflex from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Finally, Raymond James Financial cut Enerflex from a “strong-buy” rating to a “moderate buy” rating and set a C$26.00 price objective on the stock. in a research note on Wednesday, February 4th.

Enerflex Trading Up 2.0%

EFX stock opened at C$29.95 on Thursday. The firm has a fifty day moving average price of C$26.71 and a 200 day moving average price of C$21.16. Enerflex has a fifty-two week low of C$8.74 and a fifty-two week high of C$32.64. The firm has a market cap of C$3.65 billion, a PE ratio of 57.60 and a beta of 2.36. The company has a debt-to-equity ratio of 64.41, a quick ratio of 1.20 and a current ratio of 1.13.

Enerflex (TSE:EFX) last released its quarterly earnings results on Wednesday, February 25th. The company reported C$0.28 earnings per share (EPS) for the quarter. Enerflex had a net margin of 1.56% and a return on equity of 4.22%. The company had revenue of C$821.97 million for the quarter. Sell-side analysts anticipate that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 25th were given a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.17 annualized dividend and a dividend yield of 0.6%. Enerflex’s payout ratio is currently 21.37%.

About Enerflex

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.