ATB Capital Cuts Enerflex (TSE:EFX) Price Target to C$12.00

Enerflex (TSE:EFX) had its price objective trimmed by ATB Capital from C$12.50 to C$12.00 in a report published on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently weighed in on EFX. CIBC lowered their price target on Enerflex from C$6.55 to C$6.00 in a report on Monday, May 13th. Stifel Nicolaus lowered their target price on Enerflex from C$13.00 to C$10.00 in a report on Thursday, May 9th. Raymond James lowered their target price on Enerflex from C$11.50 to C$11.00 in a report on Thursday, May 9th. BMO Capital Markets lowered their target price on Enerflex from C$11.00 to C$10.00 in a report on Wednesday, May 8th. Finally, National Bankshares cut Enerflex from an outperform rating to a sector perform rating and lowered their target price for the company from C$10.00 to C$9.00 in a report on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$10.25.

Enerflex Stock Performance

EFX opened at C$7.38 on Friday. The stock has a market cap of C$915.05 million, a P/E ratio of -5.95 and a beta of 1.80. The company has a debt-to-equity ratio of 90.44, a current ratio of 1.16 and a quick ratio of 1.20. The stock’s 50 day simple moving average is C$7.17 and its 200 day simple moving average is C$7.21. Enerflex has a 1-year low of C$5.44 and a 1-year high of C$11.03.

Enerflex (TSE:EFX) last released its quarterly earnings results on Tuesday, May 7th. The company reported C($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.33). The firm had revenue of C$860.11 million during the quarter, compared to analyst estimates of C$780.57 million. Enerflex had a negative return on equity of 10.12% and a negative net margin of 4.65%. As a group, equities analysts anticipate that Enerflex will post 0.3211137 EPS for the current fiscal year.

Enerflex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, May 22nd. Enerflex’s dividend payout ratio is presently -8.06%.

Enerflex Company Profile

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.