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

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

Other equities research analysts have also issued research reports about the company. CIBC lifted their price objective on Enerflex from C$8.00 to C$9.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Stifel Nicolaus boosted their price target on shares of Enerflex from C$11.00 to C$13.00 and gave the company a buy rating in a research report on Thursday, January 18th. 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 report on Thursday, January 25th. Raymond James boosted their target price on shares of Enerflex from C$11.00 to C$11.50 and gave the company an outperform rating in a report on Friday, March 1st. Finally, National Bank Financial raised Enerflex from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$11.38.

Enerflex Stock Down 21.3 %

EFX opened at C$6.60 on Wednesday. The company’s 50-day moving average price is C$8.12 and its two-hundred day moving average price is C$6.91. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 94.38. Enerflex has a twelve month low of C$5.44 and a twelve month high of C$11.03. The stock has a market cap of C$818.14 million, a price-to-earnings ratio of -7.33 and a beta of 1.82.

Enerflex (TSE:EFX) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of C$788.63 million. As a group, equities analysts expect that Enerflex will post 0.5247718 earnings per share for the current year.

Enerflex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors 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 yield of 1.52%. The ex-dividend date of this dividend is Wednesday, May 22nd. Enerflex’s dividend payout ratio (DPR) is presently -11.11%.

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.