Enerflex Ltd. (TSE:EFX) Receives C$35.16 Average PT from Brokerages

Shares of Enerflex Ltd. (TSE:EFXGet Free Report) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$35.16.

Several research analysts recently issued reports on the stock. ATB Cormark Capital Markets upped their target price on shares of Enerflex from C$42.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets upped their target price on shares of Enerflex from C$39.00 to C$45.00 in a research report on Friday, May 8th. Raymond James Financial upped their target price on shares of 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 shares of Enerflex from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$31.50 to C$42.50 in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada boosted their price target on shares of Enerflex from C$26.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th.

Read Our Latest Stock Analysis on Enerflex

Enerflex Stock Down 8.2%

Shares of TSE:EFX opened at C$33.66 on Tuesday. Enerflex has a 52-week low of C$10.16 and a 52-week high of C$39.95. The firm has a fifty day moving average of C$33.89 and a 200 day moving average of C$27.35. The firm has a market capitalization of C$4.11 billion, a PE ratio of 49.50 and a beta of 2.41. 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 (TSE:EFXGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported C$0.49 earnings per share (EPS) for the quarter. Enerflex had a net margin of 3.63% and a return on equity of 7.72%. The company had revenue of C$811.93 million during the quarter. As a group, research analysts anticipate that Enerflex will post 0.734413 EPS for the current fiscal year.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, June 3rd were paid a $0.0425 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.17 annualized dividend and a yield of 0.5%. Enerflex’s payout ratio is currently 16.98%.

Insiders Place Their Bets

In other Enerflex news, insider Gurpreet (Preet) Singh Dhindsa purchased 1,265 shares of the stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of C$39.00 per share, with a total value of C$49,335.00. Following the completion of the purchase, the insider directly owned 5,757 shares of the company’s stock, valued at approximately C$224,523. This trade represents a 28.16% increase in their position. Insiders have acquired 1,737 shares of company stock valued at $67,558 over the last ninety days. Insiders own 0.49% of the company’s stock.

Enerflex Company Profile

(Get Free Report)

Enerflex is a leading provider of modular natural gas, power technology and treated water solutions, delivering value through disciplined execution and a deliberate approach to where we compete. Our customer focused delivery model supports operational excellence, innovation, and scalability across our global footprint with a focus on creating long-term shareholder value. With approximately 4,400 engineers, manufacturers, technicians, professionals, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future.

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Analyst Recommendations for Enerflex (TSE:EFX)

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