Enerflex (TSE:EFX) Given New C$10.00 Price Target at BMO Capital Markets

Enerflex (TSE:EFX) had its price target decreased by BMO Capital Markets from C$11.00 to C$10.00 in a report published on Wednesday morning, BayStreet.CA reports.

Several other research firms have also recently weighed in on EFX. National Bank Financial raised shares of Enerflex from a sector perform market weight rating to an outperform market weight rating in a research note on Wednesday, January 24th. National Bankshares raised shares of Enerflex from a sector perform rating to an outperform rating and set a C$10.00 price objective for the company in a research report on Thursday, January 25th. Raymond James lifted their price objective on shares of Enerflex from C$11.00 to C$11.50 and gave the stock an outperform rating in a research report on Friday, March 1st. ATB Capital lifted their price objective on shares of Enerflex from C$12.00 to C$13.50 and gave the stock an outperform rating in a research report on Friday, March 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Enerflex from C$11.00 to C$13.00 and gave the stock a buy rating in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Enerflex presently has a consensus rating of Moderate Buy and a consensus target price of C$11.38.

Enerflex Price Performance

TSE:EFX opened at C$6.60 on Wednesday. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$11.03. 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 firm has a fifty day simple moving average of C$8.12 and a 200 day simple moving average of C$6.91. The stock has a market capitalization of C$818.14 million, a PE ratio of -7.33 and a beta of 1.82.

Enerflex (TSE:EFX) last released its earnings results on Wednesday, February 28th. The company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C$0.09 by C($0.21). Enerflex had a negative net margin of 3.51% and a negative return on equity of 7.55%. The firm had revenue of C$782.21 million during the quarter, compared to the consensus estimate of C$788.63 million. On average, research analysts expect that Enerflex will post 0.5247718 EPS for the current fiscal year.

Enerflex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, July 11th will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, May 22nd. Enerflex’s dividend payout ratio is currently -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.