Enerflex (TSE:EFX) Given New C$9.00 Price Target at CIBC

Enerflex (TSE:EFX) had its price target boosted by CIBC from C$8.00 to C$9.00 in a research report sent to investors on Monday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

EFX has been the subject of several other reports. BMO Capital Markets upgraded Enerflex from a market perform rating to an outperform rating and boosted their price target for the company from C$8.00 to C$10.00 in a research note on Thursday, February 29th. Raymond James boosted their price target on Enerflex from C$11.00 to C$11.50 and gave the company an outperform rating in a research note on Friday, March 1st. National Bankshares upgraded Enerflex from a sector perform rating to an outperform rating and set a C$10.00 target price for the company in a research note on Thursday, January 25th. National Bank Financial upgraded Enerflex from a sector perform market weight rating to an outperform market weight rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus upped their target price on Enerflex from C$11.00 to C$13.00 and gave the stock a buy rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Enerflex presently has an average rating of Moderate Buy and a consensus target price of C$11.38.

Enerflex Price Performance

Enerflex stock opened at C$7.77 on Monday. Enerflex has a 12 month low of C$5.44 and a 12 month high of C$11.03. The stock’s 50 day moving average is C$7.89 and its 200-day moving average is C$6.75. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 94.38. The company has a market capitalization of C$963.17 million, a price-to-earnings ratio of -8.63 and a beta of 1.82.

Enerflex (TSE:EFX) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.09 by C($0.21). The company had revenue of C$782.21 million during the quarter, compared to the consensus estimate of C$788.63 million. Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. Equities research analysts expect that Enerflex will post 0.5956552 EPS for the current year.

Enerflex Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, March 13th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, March 12th. Enerflex’s dividend payout ratio (DPR) is -11.11%.

About Enerflex

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.