Enerflex Ltd. (TSE:EFX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Enerflex Ltd. (TSE:EFX) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$35.66.

EFX has been the topic of several recent research reports. ATB Cormark Capital Markets raised their price objective on Enerflex from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, July 10th. National Bank Financial set a C$42.50 target price on Enerflex and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, Raymond James Financial increased their target price on Enerflex from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research report on Friday, August 7th.

Enerflex Price Performance

Enerflex stock opened at C$31.15 on Thursday. The company has a debt-to-equity ratio of 51.03, a quick ratio of 1.20 and a current ratio of 1.19. Enerflex has a 52 week low of C$14.11 and a 52 week high of C$39.95. The stock has a market capitalization of C$3.80 billion, a P/E ratio of 70.80 and a beta of 2.04. The stock has a fifty day moving average of C$30.86 and a 200-day moving average of C$32.13.

Enerflex (TSE:EFX) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$826.90 million for the quarter. Enerflex had a return on equity of 5.26% and a net margin of 2.53%. On average, sell-side analysts expect that Enerflex will post 0.734413 earnings per share for the current fiscal year.

Enerflex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, August 19th. This is a positive change from Enerflex’s previous quarterly dividend of $0.04. Enerflex’s payout ratio is presently 27.03%.

Enerflex Company Profile

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.