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

Shares of Enerflex Ltd. (TSE:EFX) have been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$10.71.

A number of equities research analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a C$12.00 price objective on shares of Enerflex in a report on Thursday, May 6th. Stifel Firstegy restated a “buy” rating on shares of Enerflex in a report on Tuesday. Raymond James lowered shares of Enerflex from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from C$9.50 to C$9.25 in a report on Thursday, May 6th. ATB Capital raised their price objective on shares of Enerflex from C$11.00 to C$12.00 and gave the stock a “na” rating in a report on Tuesday, May 11th. Finally, CIBC raised their price objective on shares of Enerflex from C$8.50 to C$9.50 in a report on Friday, February 26th.

Shares of TSE EFX opened at C$8.90 on Friday. The stock’s fifty day moving average price is C$8.04. The company has a market capitalization of C$798.14 million and a PE ratio of 15.05. Enerflex has a twelve month low of C$4.51 and a twelve month high of C$9.75. The company has a current ratio of 2.19, a quick ratio of 1.40 and a debt-to-equity ratio of 30.58.

Enerflex (TSE:EFX) last announced its quarterly earnings results on Wednesday, May 5th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The firm had revenue of C$203.20 million for the quarter, compared to the consensus estimate of C$221.30 million. As a group, analysts forecast that Enerflex will post 0.719153 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 8th. Shareholders of record on Thursday, July 8th will be paid a $0.02 dividend. The ex-dividend date is Wednesday, May 19th. This represents a $0.08 annualized dividend and a yield of 0.90%. Enerflex’s payout ratio is currently 13.56%.

About Enerflex

Enerflex Ltd. supplies natural gas compression, oil and gas processing, refrigeration systems, and electric power generation equipment to the oil and natural gas industry. The company provides custom and standard compression packages for reciprocating and screw compressor applications; and designs, engineers, manufactures, constructs, and installs modular natural gas processing equipment, refrigeration systems, and electric power solutions, as well as engages in re-engineering, reconfiguration, and repackaging of compressors for various field applications; and modular processing equipment and waste gas systems for natural gas facilities.

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Analyst Recommendations for Enerflex (TSE:EFX)

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